Warren Buffet, the investment king and a guru for millions, the man who built a fortune out of understanding money and its power of compounding. I have listened to him, read about him and literally tried to follow his investment advice, which seems easy at first but is definitely something which requires immense patience, knowledge and practice. Nothing is easy in the world of investments, since everything can go south at any moment if the preparation and understanding is not enough.
Mr. Buffet’s wisdom is often coupled with his investment advice which has created a unique persona of its own. His statement above is one of the most powerful pieces of advice and applies everywhere we may go.
Imagine you build a little castle by the beach and suddenly, a 5 foot tall wave comes and hits it. Gone is everything you built within a few seconds. Now this castle you built was mostly just for fun and you shall eventually forget about it. But in our lives, we are constantly trying to build such castles, one of them being our reputation. We go to school, work hard after graduating, create our own space with the help of our own ‘tools’ and build our reputation. But one wrong move thinking it won’t affect for long and gone is our reputation.
We see many examples around us who say something at the wrong time or act in a certain way out of unnecessary desperation which crashes their castle of reputation. I know this doesn’t mean one should just stay lame and pale faced and just keep doing whatever the world expects, but understanding what to do and what to say at the right time is very much crucial in today’s world. That’s what this statement is about, acting rightly at the right time.
What Mr. Buffet means here is, we always have a choice in every situation. We can do things differently to not unnecessarily harm the castle we have built for which we have toiled hard and invested years. Why not exercise choice correctly from the beginning itself, rather than harming our ways and then regretting, is what the message truly suggests.