Guy Spier (R), with his wife Lory Spier, at lunch with Warren Buffett in 2008.
The first distinction Buffett gave us was the concept of having an inner- vs. an outer scorecard. He asked: “Would you rather be considered to be the best lover in the world, but for you and your wife to know that, in reality, you are the worst? Or the opposite: To be considered the worst lover by the rest of the world, but for you and your wife to know that you are the best?”
Put simply, Buffett was teaching us to act with the right motivation — because it’s the right thing to do, not because of what people will think.
Buffett offered up another, more profound lesson: In order to see the best opportunities in life, it’s important that others also get a good deal — ideally one even better than they bargained for.
via What lunch with Warren Buffett taught me about investing and life – MarketWatch
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