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For Warren Buffett, success is measured by the number of people who actually love you when you're older. Despite his staggering wealth, he remains famously grounded, living in the same house he bought in 1958. He believes that true success is found in 'internal scorecards'—doing what you know is right, rather than seeking the 'external scorecard' of public approval. He emphasizes that the most important quality for success is integrity: 'In looking for people to hire, you look for three qualities: integrity, intelligence, and energy. And if they don't have the first, the other two will kill you. ' Buffett teaches that finding your passion is the ultimate career hack, advising us to 'tap dance to work' every day.
"The difference between successful people and really successful people is that really successful people say no to almost everything."
"Without passion, you don't have energy. Without energy, you have nothing."
"Trust is like the air we breathe—when it's present, nobody really notices; when it's absent, everybody notices."
"I buy expensive suits. They just look cheap on me."
"You are neither right nor wrong because the crowd disagrees with you. You are right because your data and reasoning are right."
"I always knew I was going to be successful. I didn't have any doubt about that."
"The big question about how people behave is whether they've got an Inner Scorecard or an Outer Scorecard. It helps if you can be satisfied with an Inner Scorecard."
"It takes twenty years to build a reputation and five minutes to ruin it in the game of repeated interactions."
"In the world of business, the people who are most successful are those who are doing what they love."
"I measure success by how many people love me."
"The most important quality for an investor is temperament, not intellect. You need a temperament that neither derives great pleasure from being with the crowd or against the crowd."
"Opportunities come infrequently. When it rains gold, put out the bucket, not the thimble."
"Cash is to a business as oxygen is to an individual: never thought about when it is present, the only thing in mind when it is absent."
"The best thing that happens to us is when a great company gets into temporary trouble. We want to buy them when they're on the operating table."
"You only have to do a very few things right in your life so long as you don't do too many things wrong."
"Rule No. 1: Never lose money. Rule No. 2: Never forget Rule No. 1."
"The best investment you can make is in yourself."
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