You have to learn to understand your partner, to be tolerant, sympathetic, encouraging. Those are skills that are not bad to have in life.
More Quotes from Warren Buffett:
Wide diversification is only required when investors do not understand what they are doing.Warren Buffett
Today people who hold cash equivalents feel comfortable. They shouldn't. They have opted for a terrible long-term asset, one that pays virtually nothing and is certain to depreciate in value.
Warren Buffett
Look at market fluctuations as your friend rather than your enemy; profit from folly rather than participate in it.
Warren Buffett
Wall Street is the only place that people ride to in a Rolls Royce to get advice from those who take the subway.
Warren Buffett
An educational approach to money and investing struck me as a very good idea. People do form behavior habits very young on matters of money. I get calls every day from people who are in a financial hole.
Warren Buffett
I think it is a marvelous way to keep directors' interests and shareholders interests as closely aligned as possible, with both an upside and a downside component. Too often, people talk about interests being aligned when the directors get the upside and shareholders get the downside.
Warren Buffett
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Based on Topics: Life QuotesA theory has only the alternative of being right or wrong. A model has a third possibility: it may be right, but irrelevant.
Manfred Eigen
I have trouble writing if I can't picture how things are going to look.
Robert Kirkman
Capitalism without bankruptcy is like Christianity without hell.
Frank Borman