What I Think I Know
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What I Think I Know

“Just trying to do the hardest thing of all – to understand”

[Charlie and I] don’t consider ourselves…richer or poorer based on what the stock does. We do feel richer or poorer based on what the business does. So we look at the business as to how much we’re worth. And we do not look at the stock price, because the stock price doesn’t mean a thing to us…. We think of it as a private business, basically, for which there’s a quotation. And if it’s handy to use that quotation, either in buying more stock or something of the sort, we may do it. But it does not govern our ideas of value

[Charlie and I] don’t consider ourselves…richer or poorer based on what the stock does. We do feel richer or poorer based on what the business does. So we look at the business as to how much we’re worth. And we do not look at the stock price, because the stock price doesn’t mean a thing to us…. We think of it as a private business, basically, for which there’s a quotation. And if it’s handy to use that quotation, either in buying more stock or something of the sort, we may do it. But it does not govern our ideas of value

August 22, 2018 Nate

— Warren Buffett


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Altruism A Philosophy of Life Awareness Biology Brain & Mind Caring Too Much About What Others Think Charlie Munger Death Democracy Desire Economics Emotions Epictetus Fear Funny History Human Behavior Human Folly Immigration Individuality Investing Irrationality Knowledge Language Life Love Machine Learning Marcus Aurelius Marriage Money Pain & Suffering Perspective Politics Prince Seneca Social Influence Standard of Living Stoics Success Thinking Time Truth Uncertainty War Work
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