Don't get hung up on mistakes. Tomorrow is another day, go for the next thing.
Don't sleep walk through life.
Paint what you want. You got the brush and canvas is unlimited.
Be in a good environment and friends.
Defining your circle of competence is the most important thing in investing. Understand the economic characteristics of a business.
"I'm no genius. I'm smart in spots—but I stay around those spots."
—— Tom Watson Sr., Founder of IBM
Assigning yourself right story and go write the story.
Public speaking & Bring the best out of people are good talents need to have.
Need to have emotional stability
Somebody once said that in looking for people to hire, you look for three qualities: integrity, intelligence, and energy. And if you don't have the first, the other two will kill you. You think about it; it's true. If you hire somebody without integrity, you really want them to be dumb and lazy.
If you were to closely follow a company, you shouldn't own it. If you buy a farm, do you go and look every couple of weeks and see how far the corn is up and you know you worry too much about whether somebody says this is a year of low prices and exports are being affected. You buy a farm and you hold it, i bought 1 farm, my son runs it but i have been there only once. It doesn't grow faster, if i go and stare at it and i can't cheer for it.
On buyback: We buy BRK shares when we have lots of excess cash and all needs of business are taken care. First would love to find other business to buy but if our stock is selling below intrinsic value, we buy our stock.