Words of wisdom for domainers from Warren Buffett:
Price is what you pay. Value is what you get.
Risk comes from not knowing what you're doing.
Honesty is a very expensive gift. Don't expect it from cheap people.
If you've been playing poker for half an hour and you still don't know who the patsy is, you're the patsy.
No matter how great the talent or efforts, some things just take time. You can't produce a baby in one month by getting nine women pregnant.
The most important thing to do if you find yourself in a hole is to stop digging.
Should you find yourself in a chronically leaking boat, energy devoted to changing vessels is likely to be more productive than energy devoted to patching leaks.
It’s better to hang out with people better than you. Pick out associates whose behavior is better than yours and you’ll drift in that direction.
I insist on a lot of time being spent, almost every day, to just sit and think. That is very uncommon in American business. I read and think. So I do more reading and thinking, and make less impulse decisions than most people in business. I do it because I like this kind of life.
The difference between successful people and very successful people is that very successful people say 'no' to almost everything.
– Warren Buffett
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