It's waiting that helps you as an investor and a lot of people just can't stand to wait.If you didn't get the deferred -gratification gene, you've got to work very hard to overcome that.
Those of us who have been fortunate have a duty to give back.Whether one gives a lot as one goes along as I do, or a little and then a lot (when one dies) as Warren does, is a matter of personal preference.
People should take away less than they're worth when they are favored by life...I would argue that when you rise high enough in American Business you've got a moral duty to be underpaid.
Generally speaking, envy, resentment, and self-pity are disastrous modes of thoughts.Self-pity gets fairly close to paranoia, and paranoia is one of the very hardest things to reverse.
Another thing I think should be avoided is extremely intense ideology because it cabbages up one's mind...when you're young it's easy to drift into royalties and when you announce that you're a loyal member...and you're gradually ruining your mind.
I believe in the discipline of mastering the best that other people have ever figured out.I don't believe in just sitting down and trying to dream it all up yourself.
