Monday, August 29, 2011

10 Warren Buffett Quotes and What They Could Mean for Guitar Players

I've been a Warren Buffett fan for a couple of years now.  Heads of State seek him out for advice, and financial institutions hang on to his every word while wondering, "What Would Warren Do.. Next?"

But despite his stature as one of the three richest men in the world, the Oracle of Omaha, who will be 81 this August 30th, maintains a sense of quiet humility.

I submit for your perusal, 10 quotes of Warren Buffet's that every guitar player and musician could take and run with.  See what they can do for you.  Individual outcomes will, no doubt, vary wildly:

“There’s a whole bunch of things I don’t know a thing about. I just stay away from those. I stay within what I call my circle of competence."

"You don’t drive a truck that weighs 9,900 pounds across a bridge that says 'Limit 10,000 pounds', because you can’t be that sure. If you see something like that, go a little further down the road and find one that says, 'Limit 20,000 pounds'. That’s one you drive across.”

"As you go along, you learn what things you’re not going to understand. Knowing what to leave out is just as important as knowing what to focus on. Somebody said how to beat Bobby Fischer; you play him any game except chess. And so I don’t play Bobby Fischer at chess.”

"Beware of geeks bearing formulas."

"I don't look to jump over 7-foot bars: I look around for 1-foot bars that I can step over."

"It's better to hang out with people better than you. Pick out associates whose behavior is better than yours and you'll drift in that direction."

"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."

"There seems to be some perverse human characteristic that likes to make easy things difficult."

"Why not invest your assets in the companies you really like? As Mae West said, "Too much of a good thing can be wonderful.""

"I buy expensive suits. They just look cheap on me."

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