Failure comes from ego, greed, envy, fear, imitation. I have success not because I... Warren Buffett

Описание: Warren Buffett : "Failure comes from ego, greed, envy, fear, imitation. I have success not because I am smart, but because I am rational."

This quote by Warren Buffett emphasizes the importance of self-awareness, discipline, and a rational mindset in achieving success and avoiding failure.

According to him, failure often comes from several negative qualities, including ego, greed, envy, fear, and imitation. Ego can lead to overconfidence and a lack of humility, which can blind someone to their own weaknesses and mistakes. Greed and envy can lead to making selfish or short-sighted decisions that ultimately harm one's own interests. Fear can lead to inaction or irrational decision-making, while imitation can lead to a lack of originality and innovation.

On the other hand, Buffett attributes his own success not to intelligence or cleverness, but to his rationality. This means he approaches investment decisions in a logical and analytical way, focusing on the fundamentals of the businesses he invests in rather than trying to time the market or chase short-term gains. He also tends to be patient and long-term focused in his approach, avoiding impulsive or emotional decisions.

By highlighting these qualities, Buffett suggests that individuals can take steps to avoid the pitfalls of ego, greed, envy, fear, and imitation, and instead cultivate a rational mindset that prioritizes clear thinking and objective decision-making.

For example, rather than making investment decisions based on emotions or hunches, he recommends taking a thoughtful and analytical approach, focusing on the long-term value of a business rather than short-term fluctuations in the market. He also emphasizes the importance of learning from mistakes and being willing to change course when new information comes to light.

Overall, the quote is a reminder that success is not simply a matter of innate intelligence or talent, but is instead a product of careful planning, rational decision-making, and a willingness to learn from both successes and failures. By avoiding negative qualities like ego and greed, and instead cultivating a rational mindset, individuals can increase their chances of achieving their goals and realizing their potential.

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