“You do things when the opportunities come along. I’ve had periods in my life when I’ve had a bundle of ideas come along, and I’ve had long dry spells. If I get an idea next week, I’ll do something. If not, I won’t do a damn thing.”
― Warren Buffett
The Chairman and CEO of Berkshire Hathaway,
American Investor, Business Tycoon, and Philanthropist
You’re an entrepreneur. A scientist. A playwright. A second-grade teacher with a curriculum you need to put together. An artist. A music organizer. A guitarist. A preacher. All of them need new ideas, new creativity, every day!
It’s exciting… and also a lot of pressure.
What’s happening when “you don’t have any ideas”?
Well, something very important is happening.
First, your brain cannot be on creative overdrive every moment. It needs time to recharge and build up “blank” space. It’s like saying you don’t need to sleep. Body, mind, heart and soul all need time for rest… and then you can keep giving your 100% and be charged to excel again!
Secondly, patience is key. Just as Warren Buffett says, “if he doesn’t have an idea he doesn’t do anything.”
That’s really key. He’s not forcing it. He’s staying patient. He’s believing that the new idea is going to come.
And here’s where the real lesson is. He doesn’t make a billion dollar mistake.
If you get worried, push something, force an answer－ it’s usually not right. So Buffett has done a brilliant but simple thing. He hasn’t made a lot of mistakes because he is not pushing it. He’s trusting the creative process. And therefore, waiting, patiently, for that wisdom. Therefore he makes billions of dollars, rather than lose billions of dollars.
Let’s review Buffett’s wisdom again. How does this affect your life? When have you made a rushed mistake? When you have had patience and waited for that peaceful answer? Please comment below!
Born in Nebraska in 1930, Warren Buffett demonstrated keen business abilities at a young age. Nebraska was hit hard by the effects of the Great Depression. Like many children of the Depression, Buffett grew up to respect the value of money.
In grade school and high school Buffett not only showed his precocious proclivity for business by delivering newspapers, but also sold stamps, Coca-Cola beverages, golf balls and magazines door-to-door. By the time he was 15, Warren had amassed $2,000 and used it to buy a 40-acre farm in Nebraska. He hired a farm laborer to work on the land, then used the profits to help pay his way through University.
He formed Buffett Partnership Ltd. in 1956, and by 1965 he had assumed control of Berkshire Hathaway. Overseeing the growth of a conglomerate with holdings in the media, insurance, energy and food and beverage industries, Buffett became one of the world’s richest men and a celebrated philanthropist. In June of 2006, Buffett announced his intention to give away most of his fortune to charity. Buffett believes in family and has 4 children, and lives in the same hometown of Nebraska.
Bio Source: Wikipedia Fig¹. Photo by LinkedIn Sales Navigator on Unsplash Fig². Photo by Jeremy Bishop on Unsplash
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