Gems Of Wisdom Quotes

Be generous in prosperity, and thankful in adversity. Be worthy of the trust of thy neighbor, and look upon him with a bright and friendly face. Be a treasure to the poor, an admonisher to the rich, an answerer of the cry of the needy, a preserver of the sanctity of thy pledge. Be fair in thy judgment, and guarded in thy speech. Be unjust to no man, and show all meekness to all men. Be as a lamp unto them that walk in darkness, a joy to the sorrowful, a sea for the thirsty, a haven for the distressed, an upholder and defender of the victim of oppression. Let integrity and uprightness distinguish all thine acts. Be a home for the stranger, a balm to the suffering, a tower of strength for the fugitive. Be eyes to the blind, and a guiding light unto the feet of the erring. Be an ornament to the countenance of truth, a crown to the brow of fidelity, a pillar of the temple of righteousness, a breath of life to the body of mankind, an ensign of the hosts of justice, a luminary above the horizon of virtue, a dew to the soil of the human heart, an ark on the ocean of knowledge, a sun in the heaven of bounty, a gem on the diadem of wisdom, a shining light in the firmament of thy generation, a fruit upon the tree of humility.

Listen my hatchling, for now you shall hear Of the only seven slayers a dragon must fear. First beware Pride, lest belief in one’s might Has you discount the foeman who is braving your sight. Never Envy other dragons their wealth, power, or home For dark plots and plans will bring death to your own. Your Wrath shouldn’t win, when spears strike your scale Anger kills cunning, which you will need to prevail. A dragon must rest, but Sloth you should dread Else long years of napping let assassins to your bed. ‘Greed is good,’ or so foolish dragons will say Until piles of treasure bring killing thieves where they lay. Hungry is your body, and at times you must feed But Gluttony makes fat dragons, who can’t fly at their need. A hot Lust for glory, gems, gold, or mates Leads reckless young drakes to the blackest of fates. So take heed of this wisdom, precious hatchling of mine, And the long years of dragonhood are sure to be thine.

Out of the mouths of babes may come gems of wisdom, but also garbage.

Nestled in the valley of darkness, in the deepest depths of depression, are the priceless gems of; creativity, intuition and sensitivity. The trick is learning how to navigate the dark, so these precious gems can be unearthed and their beauty beheld.

Knowledge is a sacred gem that must be conquered,wielded and empowered. To access such gnosis is not a right,but a privilege of the evolved.

The mine is always bigger than the gem.

It seemed there was an announcement every five minutes from the mythical conductor, imparting sagacious gems such as "large items should be placed in the overhead luggage racks", or that "passengers should report any unattended items to the train crew as soon as possible". I wondered at whom these pearls of wisdom were aimed; some passing extraterrestrial, perhaps, or a yak herder from Ulan Bator who had trekked across the steppes, sailed the North Sea, and found himself on the Glasgow-Edinburgh service with literally no prior experience of mechanized transport to call upon?

People think that whatever comes out of the mouth of a wise man is the choicest gem, sometime it's utter stupidity and rubbish

From above, the entire plan of Kuhawk looks like a bird’s nest; the globe looks like a gem at the center. It’s quiet. Except for the times when music happens. Like now— One room in the two-story building glows, violin music emanating from it. Maroc is playing for his master: The Roar of Death Sonata, 1st Movement, one of the legendary Eleven Pieces composed after the Apocalypse.

Are you lecturing me again, Orion? Is that what this is?' ... 'I would never dream of lecturing you. I just thought it was interesting to think about.' 'Mmm-hmm. And how many times did you practice how you'd phrase this little gem of wisdom when you told me/' He runs a had through his thick, dark curls. 'Ah, umm...who says I practiced it?' I raise a single eyebrow at him. 'Two. Maybe three. Five. Not more that five

Love a person who is quite unloved, rather than a person who is very much loved. People who feel unloved treat it as a luxury, a hidden treasure, a gem. People who felt loved all their lives treat it as a birthright, an entitlement, a necessary materiality. Give water to the thirsty, they know what water should taste like.

What if a man could write everything that came into his mind. You could find there gems of wisdom, depth of utter despair, heights of the most cherished hopes, killing fields where we slaughter our enemies, moments of faith and moments of doubts, dark chambers where we commit infidelity against our partners, counting the goods we have stolen, hell nightmares, heaven blessedness, cursing of our enemies and blessing of our friends, and many other things. If one could write his mind, it would be a mirror to other minds where they could find themselves and not feel as the only wretched souls in existence. Go on then, write your mind in a book and publish it

A genuine stone is better than a counterfeit gem.

There is no gem like truth, no wealth like knowledge, no treasure like understanding, and no jewel like love. There is no gem like gratitude, no wealth like humility, no treasure like patience, and no jewel like virtue, There is no gem like peace, no wealth like contentment, no treasure like faith, and no jewel like joy. There is no gem like time, no wealth like experience, no treasure like reality, and no jewel like life. There is no gem like prudence, no wealth like health, no treasure like prayer, and no jewel like meditation. There is no gem like nature, no wealth like harmony, no treasure like Heaven, and no jewel like God.

They always need fresh, enthusiastic programmers. More important: they need programmers chosen by a star programmer. Magic Mama told her all about how recruiting happens in well-known companies. Unlike small companies, they depend more on shining logos. Logos like The Resolution Race Champion, The Gold Winner of Code the Crude, or Year’s Best Thesis Contributor are gems in their crowns. Everyone loves collecting gems. Talents are the gems big companies prefer plucking in reduced expenses. The best gems are the hard-working Low Grades and the non-citizens from the Junk Land. Who wouldn’t love a talent born in the gutters?—Just lure them with citizenship.

You, little Dragon Keeper, are important in Wulder's plan. I would give you wisdom if it were like a gem to be plucked from one of my crowns. But I can only whisper caution. I can only say, 'Be still when dark clouds threaten. Listen for the word of Wulder.

A hidden gem of knowledge awaits.." "in the trees of wisdom where He mandates." "the right to read the tomes of our people..." "to find your answers on defeating the evil.

Over the years, a number of very smart people have learned the hard way that a long string of impressive numbers multiplied by a single zero always equals zero.

CHOOSE A SUBLIME IDEAL If you dedicate yourself to a sublime ideal, your life will continually grow in richness, strength and intensity. It is like a capital investment: you place your capital in a Heavenly bank so that, instead of deteriorating or going to waste, it increases and makes you richer. —Omraam Mikhaël Aïvanhov

When out of the ordinary reports and studies come from individuals who seem to have their feet on the ground, more thoughtful people pay closer attention. To be open-minded means just that; to compare worldviews and philosophies without pre-judgment, to entertain singular and paradox phenomena, to efficaciously sift the gems of wisdom from common opinions in sacred texts and inspired writings, or even in newspapers or social media. What is true, and how do we know? - things to ponder. This all takes time and thought. The scales of discretion must weigh, over time, between hopeful thinking and prophecy, flights of fancy and common sense, a lucky guess and inspired revelation, and chance and destiny. This could keep one busy for a lifetime. As far as I'm concerned, this is the most important path for those who want to understand What This Is All About.

The practice of living in Spirit is like polishing a stone. No matter how rough the stone may have been, with perseverance and gentle care it will eventually shine, revealing the inner beauty and divine essence which was there all along. Within each of us lies a heavenly gem, waiting patiently for us beneath the surface of our conditioning. It is ready to be handled with our loving kindness that it may again shine radiantly and majestically, in harmony with all things in this grand and mysterious world.

Just as inside every problem lies an opportunity, inside every disappointment lies a priceless gem of wisdom.

There is no gem like virtue, no wealth like happiness, no treasure like faith, and no jewel like love.

If your waiting for someone you respect to say what you need to hear, you may never hear it. Gems hide under any rock.

Lester Maddox, when Governor of Georgia, was criticized regarding the state’s abysmal prison system. ‘The solution’, he said, ‘is simple. All we need is a better class of prisoners.

Changing the spelling of one's name to ensure success, performing rituals for good luck, wearing colored gem stones for success in business – all these fall into the same category of psychological reinforcement. Hence, emerged the blood-sucking professions of astrology, palmistry, vastushastra, numerology etc. The very existence of these fraudulent professions is predicated on the fear and anxiety of vulnerable masses. Thus, a person’s superstitious beliefs become the tool of exploitation in the hands of ruthless fraudsters.

An upset is our maker’s way of telling us that we need to learn something. It is a tap on our shoulder saying, ‘Pay attention. You have something important to learn. If you lie, blame, justify, or deny the upset, you waste the upset and will waste a precious gem of wisdom..

Be generous in prosperity, and thankful in adversity. Be worthy of the trust of thy neighbor, and look upon him with a bright and friendly face. Be a treasure to the poor, an admonisher to the rich, an answerer to the cry of the needy, a preserver of the sanctity of thy pledge. . . . Be a home for the stranger, a balm to the suffering, a tower of strength for the fugitive. Be eyes to the blind, and a guiding light unto the feet of the erring. Be . . . a dew to the soil of the human heart, an ark on the ocean of knowledge, a sun in the heaven of bounty, a gem on the diadem of wisdom, a shining light in the firmament of thy generation, a fruit upon the tree of humility.

The parables of Jesus have long been revered as earthly stories with heavenly meanings. They have been viewed in this way because Jesus was thought to be a teacher of spiritual truth and divine wisdom. However, this view of Jesus stands in some tension with the account of his final trial and execution. If Jesus was a teacher of heavenly truths dispensed through literary gems called parables, it is difficult to understand how he could have been executed as a political subversive and crucified between two social bandits. It appears that Jerusalem elites collaborating with their Roman overlords executed Jesus because he was a threat to their economic and political interests. Unless they perceived him to be a threat, they would not have publicly degraded and humiliated him before executing him in as ignominious a way as possible.

It’s difficult to explain…you see, I have met her, and so I know that same powerful aspect in her eyes that Racath saw that night. But it is not easily put into words, not so easily described to someone who hasn’t seen it. It was just…something. Liken it to meeting a star. You do not know the star, have never spoken to it before, nor have you ever picked it out of the sparkle of its sisters in the night sky. But the star knows you. It has spent your whole life watching you from the sky. You can keep no secrets from it. It knows every thought in your mind, every move you have ever made, every flaw you have hidden, every pain you have felt. Like the millennia it spent before you were born were years in waiting. Waiting for you and only you, like you are what gives it purpose. Like watching over you is the dedication of its entire life. So it knows you better than you know yourself. And while the star is bright, a twinkling gem that brims with youth and beauty, there is an intangible wisdom to it. It is undeniably experienced. But not old. It may have lived for a thousand of years before you were born, counting every second until you were brought into the world. But, for a star, a thousand years is still very, very young. Young enough to kiss. That feeling, that meeting with a star, is what pierced Racath’s heart when Nelle looked into his eyes. She was starlight, nightfire on an ebon velvet sky. Rapture.

Robert Frost at Eighty" I think there are poems greater and stranger than any I have known. I would like to find them. They are not on the greying paper of old books or chanted on obscure lips. They are not in the language of mermaids or the sharp-tongued adjectives of vanishing. They run like torn threads along paving stones. They are cracked as the skull of an old man. They stir in the mirror at fifty, at eighty. My ear keeps trying to hear them but the seafront is cold. The tide moves in. They migrate like crows at a cricket ground. They knock at the door when I am out. I have done with craft. How can I front ghosts with cleverness, the slick glide of paradox and rhyme that transforms prejudice to brittle gems of seeming wisdom? Though I bury all I own or hold close though my skin outlives the trees though the lines fall shattering the stone I cannot catch them. They have the lilting accent of a house I saw but never entered. They are the sounds a child hears – the water, the afternoon, the sky. I watch them now trickling through the open mirror. Sometimes, but almost never we touch what we desire.

Now I think I was wrong. I think my luck was built into me, the keystone that cohered my bones, the golden thread that stitched together the secret tapestries of my DNA; I think it was the gem glittering at the fount of me, coloring everything I did and every word I said. And if somehow that has been excised from me, and if in fact I am still here without it, then what am I? Acknowledgments I owe huge thanks to the amazing Darley Anderson and everyone at the agency, especially Mary, Emma, Pippa, Rosanna and Kristina; Andrea Schulz, my wonderful editor, whose enormous skill, patience and wisdom have made this book so much better than I thought it could be; Ben Petrone, who is just plain great, and everyone at Viking; Susanne Halbleib and everyone at Fischer Verlage; Katy Loftus, for her faith in this book and for putting her finger on the one thing that would make the most difference; my brother, Alex French, for the computer bits and for sending me the link to the case of Bella in the Wych Elm; Fearghas Ó Cochláin, for the medical bits; Ellen at ancestrysisters.com, for genealogy help; Dave Walsh, for his enormous help with the intricacies of police procedure; Ciara Considine, Clare Ferraro and Sue Fletcher,

At the beginning or end of the day, after you step away from tablets and phones and people, spend at least five minutes in solitude. Let yourself dwell in the pause, between consciousness and unconsciousness, between masculine and feminine. If you notice longing or sadness travel up to consciousness through the fissure of the transition, consider moving toward it instead of brushing it aside. Notice what thoughts arise in response to the feeling, then gently bring your attention to it as if it were a fairy or a precious gem. Within this intentional liminal zone, trust where your body wants to lead you. You may want to do some gentle yoga; you may want to dance. You may feel called to sit near an open window and listen to the wind or watch the stars. You may gravitate toward the moon. If you find yourself face-to-face with the moon, listen to her wisdom. Watch for a poem or painting that may arrive. Trust the feelings that long to emerge. Pay attention to longing. Honor the images that float from unconsciousness to consciousness. Even if you’re tired and really “should” get to bed, find a way to express what comes through. Write, paint, dance, breathe, do nothing. Even your silhouette next to the window, drenched in moonlight, is an expression of the divine. Simply being you is enough.

In this article, we embark on a journey to explore the timeless beauty of, their significance, and the impact they have on our lives. دل کی آواز ہے شعور کی زبان جذبات کی ترجمان، اردو کا فسانہ محبت کا سفر ہے یہ اردو کی نغمہ جب دلوں کو بھاگتا ہے، بے نیاز سامہ یادوں کی بستی میں بسایا ہے اردو کو حقیقتوں کو ہمسفر، ہمراز بنایا ہے اردو نے دل کو چھو جانے والی اردو کی باتیں روح کو جگا دیتی ہیں، احساس کی لہریں بھرتی ہیں اردو قواعدوں کے سائے شاعری کی بستی میں بہتی ہیں جلوے اردو کے لفظوں میں روشنی کی روشنی ہر تصویر، ہر احساس، سرمستی کی جوشنی یونہی بہتا رہے گا اردو کا سفر جدید دور کیا کہتا ہے، لبوں کا ورق The Essence of Urdu Quotes: Urdu quotes serve as windows to the soul, capturing complex emotions and experiences in just a few words. With their eloquence, they transcend boundaries of time and culture, resonating with individuals around the world. Whether it's about love, life, or spirituality, Urdu quotes beautifully express the depth of human emotions and offer glimpses of wisdom that can guide us through our journeys. The Power of Words: Urdu quotes hold a unique power. Each carefully chosen word carries weight and meaning, creating a powerful impact on the reader's mind. These quotes have the ability to inspire, motivate, and uplift spirits. They encapsulate life's truths in a poetic and concise manner, making them accessible to a wide audience. The Beauty of Urdu Language: Urdu, known for its lyrical qualities and mellifluous flow, adds an extra layer of charm to the quotes. Its poetic nature and rich vocabulary enable the creation of verses that resonate deeply with readers. Whether it's the delicate expressions of love or the introspective reflections on life's complexities, Urdu quotes possess a unique ability to stir emotions and touch the soul. Reflections of Culture and History: Urdu quotes reflect the cultural and historical tapestry of the region. They are imbued with the traditions, values, and experiences of generations. These quotes provide a glimpse into the literary heritage of renowned poets and philosophers, offering insights into their perspectives and contributions to Urdu literature. Urdu Quotes in the Modern Era: In today's digital age, Urdu quotes have found a new platform to reach audiences worldwide. Social media platforms and websites dedicated to Urdu literature have become havens for sharing and appreciating these poetic gems. People are rediscovering the beauty of Urdu quotes, and their popularity continues to soar, bridging gaps between different cultures and fostering a sense of unity. Conclusion: Urdu quotes are more than just words; they are a source of inspiration, solace, and introspection. They capture the essence of life's joys and sorrows, providing us with profound insights and guiding us on our journeys. As we delve into the world of Urdu quotes, we unlock a treasure trove of emotions and wisdom, reminding us of the power of language and the universal nature of human experiences. So, let us embrace the beauty of Urdu quotes and allow them to touch our hearts, inspire our souls, and create a deeper connection with ourselves and others.

Humanity is the world's gem, divinity is the universe's jewel.

Over the years, Charlie and I have observed many accounting-based frauds of staggering size. Few of the perpetrators have been punished; many have not even been censured. It has been far safer to steal large sums with a pen than small sums with a gun.” -1988 letter

Berkshire’s operating CEOs are masters of their crafts and run their businesses as if they were their own. My job is to stay out of their way and allocate whatever excess capital their businesses generate. It’s easy work.

Ben Graham taught me 45 years ago that in investing it is not necessary to do extraordinary things to get extraordinary results. In later life, I have been surprised to find that this statement holds true in business management as well. What a manager must do is handle the basics well and not get diverted.

I’ve reluctantly discarded the notion of my continuing to manage the portfolio after my death – abandoning my hope to give new meaning to the term ‘thinking outside the box.’ ” -2007 letter

The reaction of weak managements to weak operations is often weak accounting. (‘It’s difficult for an empty sack to stand upright.’)

After all, what are we paying the accountants for if it is not to deliver us the "truth" about our business. But the accountants' job is to record, not to evaluate. The evaluation job falls to investors and managers.

It has been far safer to steal large sums with a pen than small sums with a gun.

Bad terminology is the enemy of good thinking. When companies or investment professionals use terms such as "EBITDA" and "pro forma," they want you to unthinkingly accept concepts that are dangerously flawed.

A small chance of distress or disgrace cannot, in our view, be offset by a large chance of extra returns.

One of the lessons your management has learned - and, unfortunately, sometimes re-learned - is the importance of being in businesses where tailwinds prevail rather than headwinds.

An iron law of business is that growth eventually dampens exceptional economics.” -1985

If something’s not worth doing at all, it’s not worth doing well.’)

This devastating outcome for the shareholders indicates what can happen when much brain power and energy are applied to a faulty premise. The situation is suggestive of Samuel Johnson’s horse: ‘A horse that can count to ten is a remarkable horse - not a remarkable mathematician.

Time is the friend of the wonderful business.

Occasional outbreaks of those two super-contagious diseases, fear and greed, will forever occur in the investment community. The timing of these epidemics will be unpredictable. And the market aberrations produced by them will be equally unpredictable, both as to duration and degree. Therefore, we never try to anticipate the arrival or departure of either disease. Our goal is more modest: we simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.

Bull markets can obscure mathematical laws, but they cannot repeal them.

long periods of substantial undervaluation and/or overvaluation will cause the gains of the business to be inequitably distributed among various owners, with the investment result of any given owner largely depending upon how lucky, shrewd, or foolish he happens to be.

A promise is no better than the person or institution making it.

the most elusive of human goals - keeping things simple and remembering what you set out to do.

As one investor said in 2009 (regarding the effects of the Financial Crisis): ‘This is worse than divorce. I’ve lost half my net worth – and I still have my wife.

Forecasts’, said Sam Goldwyn, ‘are dangerous, particularly those about the future.

The precious gems are hidden, it is not easy to find them.

America’s Funniest Home Videos,” the TV series that began in 1990, also served as inspiration. Its entertaining content was constantly interrupted by the hosts’ annoying commentary. Here, my annoying commentary is kept to a minimum.

As I write this, I’m sitting in a café in Paris overlooking the Luxembourg Garden, just off of Rue Saint-Jacques. Rue Saint-Jacques is likely the oldest road in Paris, and it has a rich literary history. Victor Hugo lived a few blocks from where I’m sitting. Gertrude Stein drank coffee and F. Scott Fitzgerald socialized within a stone’s throw. Hemingway wandered up and down the sidewalks, his books percolating in his mind, wine no doubt percolating in his blood. I came to France to take a break from everything. No social media, no email, no social commitments, no set plans . . . except one project. The month had been set aside to review all of the lessons I’d learned from nearly 200 world-class performers I’d interviewed on The Tim Ferriss Show, which recently passed 100,000,000 downloads. The guests included chess prodigies, movie stars, four-star generals, pro athletes, and hedge fund managers. It was a motley crew. More than a handful of them had since become collaborators in business and creative projects, spanning from investments to indie film. As a result, I’d absorbed a lot of their wisdom outside of our recordings, whether over workouts, wine-infused jam sessions, text message exchanges, dinners, or late-night phone calls. In every case, I’d gotten to know them well beyond the superficial headlines in the media. My life had already improved in every area as a result of the lessons I could remember. But that was the tip of the iceberg. The majority of the gems were still lodged in thousands of pages of transcripts and hand-scribbled notes. More than anything, I longed for the chance to distill everything into a playbook. So, I’d set aside an entire month for review (and, if I’m being honest, pain au chocolat), to put together the ultimate CliffsNotes for myself. It would be the notebook to end all notebooks. Something that could help me in minutes but be read for a lifetime.

27. To Get, You Have First To Give A lot of advice in this book comes from my parents, and I am always grateful for having been raised by two wonderful and smart people. So here’s another gem from my mum: If you want to receive, you must first look around for something to give. As a kid, this was usually a pretty simple equation - she would only buy me a new toy if I selected an old one to give to the charity shop. (Quite annoying, I seem to remember!) But as I got older I realized that giving to get is actually one of the universe’s hidden rules. You want someone to help you? Guess what: if you’ve helped them in the past, they are far more likely to come to your rescue. You want to get a bumper crop from your veg patch? Guess what, the more water, fertilizer and attention you give your seedlings, the more bountiful harvests they will produce. But the inexplicable thing about my mum’s rule is that it works in the wilderness, too. There have been many times when I’ve been lost, exhausted, hungry, and I’ve felt my strength and my ability to keep going draining away. In these situations, it’s human nature to shrink back and give up. Yet my mother’s wisdom has been proved to me time and time again - to ‘get’ good results, you have to ‘give out’ something good or positive first. So when I am tired, I commit to working even harder. When I feel downcast, I decide to be upbeat. You see, no matter how low your optimism or strength feels, if you can ‘force’ yourself to put out the good vibes, the good attitudes, the hopeful thoughts (even if you don’t feel them or believe them right at that moment), then you will be rewarded. Try it some time when you are dog-tired. Get off that couch and start moving energetically. You will soon feel invigorated. Or when you are knee-deep in paperwork, slowing to a crawl, try just picking up the pace and focus, get ripping through it, giving it your all - and your body and mind will respond. To get, first you have to give.

It is both apt and revealing that Sullenberger, a modest and self-evidently decent man, has made exactly this point. In a television interview months after the miracle landing on the Hudson, he offered this beautiful gem of wisdom: Everything we know in aviation, every rule in the rule book, every procedure we have, we know because someone somewhere died . . . We have purchased at great cost, lessons literally bought with blood that we have to preserve as institutional knowledge and pass on to succeeding generations. We cannot have the moral failure of forgetting these lessons and have to relearn them.

The Vajrapañjara explains:  The meditation on the union of emptiness and compassion is indeed the teaching of the Buddha, Dharma, and Saṅgha.  The Sampuṭa says:  The nondiscriminatory simplicity [of mind] is described as wisdom; that which fulfills the wishes of sentient beings [without exception], the way a wish-granting gem does, [is described] as compassion.  Saraha states:  He who seeks emptiness without compassion will not realize the supreme path; Yet he who meditates mainly on compassion will not realize liberation. He who unifies the two will neither remain in saṃsāra nor in nirvāṇa. Śavari declares:  He who has attained nonevaluating awareness, who is unable to bear the misery of confused sentient beings, and who sheds tears of compassionWhile working for their benefit, turns concern for himself into concern for others.

You learn a great deal about a person when you purchase a business from him and he then stays on to run it as an employee rather than as an owner. Before the purchase the seller knows the business intimately, whereas you start from scratch. The seller has dozens of opportunities to mislead the buyer - through omissions, ambiguities, and misdirection. After the check has changed hands, subtle (and not so subtle) changes of attitude can occur and implicit understandings can evaporate. As in the courtship-marriage sequence, disappointments are not infrequent.” -1980 letter

Accounting numbers, of course, are the language of business and as such are of enormous help to anyone evaluating the worth of a business and tracking its progress. ... Managers and owners need to remember, however, that accounting is but an aid to business thinking, never a substitute for it.

Over the years, Charlie and I have observed many accounting-based frauds of staggering size. Few of the perpetrators have been punished; many have not even been censured. It has been far safer to steal large sums with a pen than small sums with a gun.

We purchased several companies whose earnings will almost certainly decline this year from peaks they reached in 1999 or 2000. The declines make no difference to us, given that we expect all of our businesses to now and then have ups and downs. (Only in the sales presentations of investment banks do earnings move forever upward.)” -2000 letter

On synergy: “… a term widely used in business to explain an acquisition that otherwise makes no sense.

I’ve reluctantly discarded the notion of my continuing to manage the portfolio after my death – abandoning my hope to give new meaning to the term ‘thinking outside the box.

investment

What

Our entire corporate overhead is less than half the size of our charitable contributions. (Charlie, however, insists that I tell you that $1.4 million of our $4.9 million overhead is attributable to our corporate jet, The Indefensible.)” -1993 letter

We possess a cadre of truly skilled managers who have an unusual commitment to their own operations and to Berkshire. Many of our CEOs are independently wealthy and work only because they love what they do. They are volunteers, not mercenaries. Because no one can offer them a job they would enjoy more, they can’t be lured away.” -2010 letter

Berkshire’s operating CEOs are masters of their crafts and run their businesses as if they were their own. My job is to stay out of their way and allocate whatever excess capital their businesses generate. It’s easy work.” -2002 letter

Ben Graham taught me 45 years ago that in investing it is not necessary to do extraordinary things to get extraordinary results. In later life, I have been surprised to find that this statement holds true in business management as well. What a manager must do is handle the basics

Berkshire is my first love and one that will never fade: At the Harvard Business School last year, a student asked me when I planned to retire and I replied, ‘About five to ten years after I die.’ ” -1991 letter   * * *

It should be no surprise to anyone that those airline employees who contractually receive above-market salaries will resist any reduction in these as long as their checks continue to clear

As we look at the major acquisitions that others made during 1982, our reaction is not envy, but relief that we were non-participants. For in many of these acquisitions, managerial intellect wilted in competition with managerial adrenaline. The thrill of the chase blinded the pursuers to the consequences of the catch. Pascal’s observation seems apt: “It has struck me that all men’s misfortunes spring from the single cause that they are unable to stay quietly in one room.

Managers with bright, but adrenaline-soaked minds scramble after foolish acquisitions...

In 1994, Coca-Cola sold about 280 billion 8-ounce servings and earned a little less than a penny on each. But pennies add up.

No matter how attractive the prospects of their business. We've never succeeded in making a good deal with a bad person.

When a management with a reputation for brilliance tackles a business with a reputation for poor fundamental economics, it is the reputation of the business that remains intact.’ Nothing has since changed my point of view on that matter. 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.

collection of 240 or so of his wittiest and most insightful thoughts (“gems”), culled from 34 years of his letters to Berkshire Hathaway shareholders.   These gems lighten spirits with their humor, enlighten minds with their wisdom, and provide an interesting view into one of America’s most successful and

There is a thread that reaches out through every heart and mind on the planet to all living things, and from there to the universe beyond. It is an ambient, coherent force. This force is God itself.

Money will always flow toward opportunity, and there is an abundance of that in America. Commentators today often talk of ‘great uncertainty.’ But think back, for example, to December 6,

You do not adequately protect yourself by being half awake while others are sleeping.

To purchase or learn more, visit the website:

Managers that always promise to ‘make the numbers’ will at some point be tempted to make up the numbers.

...earnings can be as pliable as putty when a charlatan heads the company reporting them. Eventually truth will surface, but in the meantime a lot of money can change hands. Indeed, some important American fortunes have been created by the monetization of accounting mirages.

Could we really improve our shareholder group by trading some of our present clear-thinking members for impressionable new ones who, preferring paper to value, feel wealthier with nine $10 bills than with one $100 bill?

According the name "investors" to institutions that trade actively is like calling someone who repeatedly engages in one-night stands a romantic.

If a CEO is enthused about a particularly foolish acquisition, both his internal staff and his outside advisors will come up with whatever projections are needed to justify his stance. Only in fairy tales are emperors told that they are naked.

speculation is most dangerous when it looks easiest.

An old Wall Street joke gets close to our experience: Customer: Thanks for putting me in XYZ stock at 5. I hear it’s up to 18. Broker: Yes, and that’s just the beginning. In fact, the company is doing so well now, that it’s an even better buy at 18 than it was when you made your purchase. Customer: Damn, I knew I should have waited.

Our future rates of gain will fall far short of those achieved in the past. Berkshire's capital base is now simply too large to allow us to earn truly outsized returns. If you believe otherwise, you should consider a career in sales but avoid one in mathematics (bearing in mind that there are really only three kinds of people in the world: those who can count and those who can't).

Investors should be skeptical of history-based models. Constructed by a nerdy-sounding priesthood using esoteric terms such as beta, gamma, sigma and the like, these models tend to look impressive. Too often, though, investors forget to examine the assumptions behind the symbols. Our advice: Beware of geeks bearing formulas.

You can be highly successful as an investor without having the slightest ability to value an option. What students should be learning is how to value a business. That’s what investing is all about.

Managers that always promise to ‘make the numbers’ will at some point be tempted to make up the numbers.” -2002 letter

God allows each and everyone to exercise their free will and free choice -- for their own betterment or to their own detriment.

on a pro forma basis: I have firm plans to "restructure" my putting stroke and therefore only count

something happened to you, think how helpful it would be for your loved ones left behind to have a copy of the key