The idea that you try to time purchases based on what you think business is going to do in the next year or two, I think that's the greatest mistake that investors make because it's always uncertain. People say it's a time of uncertainty. It was uncertain on September 10th, 2001, people just didn't know it. It's uncertain every single day. So take uncertainty as part of being involved in investment at all. But uncertainty can be your friend. I mean, when people are scared, they pay less for things. We try to price. We don't try to time at all.
Well, I think the biggest mistake is not learning the habits of saving properly early. Because saving is a habit. And then, trying to get rich quick. It's pretty easy to get well-to-do slowly. But it's not easy to get rich quick.
It has always seemed to me that so long as you produce your dramatic effect, accuracy of detail matters little. I have never striven for it and I have made some bad mistakes in consequence. What matter if I hold my readers?
Listen widely to remove your doubts and be careful when speaking about the rest and your mistakes will be few. See much and get rid of what is dangerous and be careful in acting on the rest and your causes for regret will be few. Speaking without fault, acting without causing regret: 'upgrading' consists in this.
All life's battles teach us something, even those we lose. When you grow up, you'll discover that you have defended lies, deceived yourself, or suffered foolishness. If you're a good warrior you will not blame yourself for this, but neither will you allow your mistakes to repeat themselves.
What is the world that is to be given up? It is here. I am carrying it all with me. My own body. It is all for this body that I put my hand voluntarily upon my fellow human beings, just to keep it nice and give it a little pleasure. It is all for the body that I injure others and make mistakes.