Take a cue from S Sriniwasan, MD, Kotak Investment Advisory Ltd, who shared with ET Panache that one of his favourite motivational quotes is by Buffett. ““Nothing sedates rationality like large doses of effortless money,” goes the quote.
To set the context, this quote was a part of Buffett’s shareholder letter from almost two decades back, written in 2000. And along with this quote, he used the fairytale of Cinderella to make his point eloquently.
This is what he wrote, “The line separating investment and speculation, which is never bright and clear, becomes blurred still further when most market participants have recently enjoyed triumphs. Nothing sedates rationality like large doses of effortless money. After a heady experience of that kind, normally sensible people drift into behavior akin to that of Cinderella at the ball. They know that overstaying the festivities - that is, continuing to speculate in companies that have gigantic valuations relative to the cash they are likely to generate in the future - will eventually bring on pumpkins and mice. But they nevertheless hate to miss a single minute of what is one helluva party. Therefore, the giddy participants all plan to leave just seconds before midnight. There’s a problem, though: They are dancing in a room in which the clocks have no hands.”
Mid-Year Blues At Work? Bookmark These Warren Buffett Quotes
Lessons From The Expert
If you're having a not-so-great time at work, and in life in general, don't lose hope. All great journeys have had rocky starts. And if you need some inspiration to keep going, here are some quotes from the 'Oracle of Omaha' that will lend perspective.