> Warren Buffett Blog: Warren Buffett on value of life and mind

Wednesday, July 22, 2015

Warren Buffett on value of life and mind

In Warren Buffett's biography “The Snowball: Warren Buffett and the Business of Life,” describes an incident where Buffett asked students to imagine if a genie came to him at age 16 and offered the car of his dreams. But the catch was that it would also be the last car Buffett could ever own. The car would have to last a lifetime, and to make sure that happened, he said, “I would read the manual about five times. I would always keep it garaged. If there was the least little dent or scratch, I’d have it fixed right away because I wouldn’t want it rusting. I would baby that car, because it would have to last a lifetime.”

Then Buffett related the fable back to the students: “That’s exactly the position you are in concerning your mind and body. You only get one mind and one body. And it’s got to last a lifetime. Now, it’s very easy to let them ride for many years. But if you don’t take care of that mind and that body, they’ll be a wreck 40 years later, just like the car would be.

“It’s what you do right now, today, that determines how your mind and body will operate 10, 20, and 30 years from now.”