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his friendship  QUOTES

1 " After this manner conceive that a flatterer differs from a friend: for it often happens to both that they engage in the same employments and the same associations; but the one differs from the other in use, in the end, and in the disposition of the soul: for the friend considers that which appears to him to be good to belong also in common to his friend; and, whether this proves to be painful or pleasant, he partakes equally of it with him; but the flatterer, following his own desires, conducts the association to his own advantage. The friend desires an equality of good, the flatterer his own private good. The one aspires after equal honour in virtue, the other after superiority in pleasure. The one in conversation desires an equal freedom of speech, the other servile submission. The one loves truth in association, the other deception; and the one looks to future emolument, but the other to present delight. The one requires to be reminded of his good actions, the other wishes them to be involved in oblivion. The one takes care of the possessions of his friend, as of things common, the other destroys them, as being the property of another. The company of a friend in prosperity is most opportune, and in calamity is most equal; but a flatterer can never be satiated with prosperity, and in adversity he is never to be seen. Friendship is laudable, flattery detestable; for friendship attends to equality of retribution, but this flattery mutilates: for he who pays servile attention to another through indigence, that his wants may be supplied, so far as he does not receive an equal submission in return, will reprobate the inequality. A friend, when his friendship is concealed, is unhappy; on the contrary, a flatterer is miserable when is flattery is not concealed. Friendship when tried is strengthened, flattery is confuted, by time. Friendship requires not to be corroborated by advantage, but flattery cannot subsist without profit; and if men have any communion with the divinities, the pious man is a friend to divinity, but the superstitious is a flatterer of divinity; and the pious man is blessed, but the superstitious is miserable. "

5 " When Warren was a little boy fingerprinting nuns and collecting bottle caps, he had no knowledge of what he would someday become. Yet as he rode his bike through Spring Valley, flinging papers day after day, and raced through the halls of The Westchester, pulse pounding, trying to make his deliveries on time, if you had asked him if he wanted to be the richest man on earth—with his whole heart, he would have said, Yes.
That passion had led him to study a universe of thousands of stocks. It made him burrow into libraries and basements for records nobody else troubled to get. He sat up nights studying hundreds of thousands of numbers that would glaze anyone else’s eyes. He read every word of several newspapers each morning and sucked down the Wall Street Journal like his morning Pepsi, then Coke. He dropped in on companies, spending hours talking about barrels with the woman who ran an outpost of Greif Bros. Cooperage or auto insurance with Lorimer Davidson. He read magazines like the Progressive Grocer to learn how to stock a meat department. He stuffed the backseat of his car with Moody’s Manuals and ledgers on his honeymoon. He spent months reading old newspapers dating back a century to learn the cycles of business, the history of Wall Street, the history of capitalism, the history of the modern corporation. He followed the world of politics intensely and recognized how it affected business. He analyzed economic statistics until he had a deep understanding of what they signified. Since childhood, he had read every biography he could find of people he admired, looking for the lessons he could learn from their lives. He attached himself to everyone who could help him and coattailed anyone he could find who was smart. He ruled out paying attention to almost anything but business—art, literature, science, travel, architecture—so that he could focus on his passion. He defined a circle of competence to avoid making mistakes. To limit risk he never used any significant amount of debt. He never stopped thinking about business: what made a good business, what made a bad business, how they competed, what made customers loyal to one versus another. He had an unusual way of turning problems around in his head, which gave him insights nobody else had. He developed a network of people who—for the sake of his friendship as well as his sagacity—not only helped him but also stayed out of his way when he wanted them to. In hard times or easy, he never stopped thinking about ways to make money. And all of this energy and intensity became the motor that powered his innate intelligence, temperament, and skills. "

Alice Schroeder , The Snowball: Warren Buffett and the Business of Life