Should you find yourself in a chronically leaking boat, energy devoted to changing vessels is likely to be more productive than energy devoted to patching leaks.
WB
Warren BuffettBerkshire Hathaway shareholder letter (1985)
About Warren Buffett
Chairman of Berkshire Hathaway and one of the most successful investors in history. (b. 1930)
More from Warren Buffett
- Price is what you pay; value is what you get.Berkshire Hathaway shareholder letter (2008)
- We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.Berkshire Hathaway shareholder letter (1986)
- You only find out who is swimming naked when the tide goes out.Berkshire Hathaway shareholder letter (2001)
- It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price.Berkshire Hathaway shareholder letter (1989)
- Time is the friend of the wonderful business, the enemy of the mediocre.Berkshire Hathaway shareholder letter (1989)
- When we own portions of outstanding businesses with outstanding managements, our favorite holding period is forever.Berkshire Hathaway shareholder letter (1988)
More quotes on change
- I tell you: one must still have chaos in one, to give birth to a dancing star.Friedrich Nietzsche
- What is great in man is that he is a bridge and not a goal.Friedrich Nietzsche
- When we are no longer able to change a situation, we are challenged to change ourselves.Viktor Frankl
- The meeting of two personalities is like the contact of two chemical substances: if there is any reaction, both are transformed.Carl Jung
- If there is anything that we wish to change in the child, we should first examine it and see whether it is not something that could better be changed in ourselves.Carl Jung
- Success always obsoletes the very behavior that achieved it.Peter Drucker
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