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Focus alone is not enough putting in the time to commit is also crucial to achieve success.
Warren Buffett
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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Success
Also
Enough
Crucial
Time
Commit
Putting
Achieve
Focus
Alone
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I think I could make you fifty percent a year on one million dollars. No, I know I could. I guarantee that.
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Writing a check separates a commitment from a conversation.
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The banking business is no favorite of ours. When assets are twenty times equity - a common ratio in this industry - mistakes that involve only a small portion of assets can destroy a major portion of equity. And mistakes have been the rule rather than the exception at many major banks.
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My wealth has come from a combination of living in America, some lucky genes, and compound interest.
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If, when making a stock investment, you're not considering holding it at least ten years, don't waste more than ten minutes considering it.
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