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Thursday, May 28, 2009

Random Thoughts

Getting married is a major commitment. Love is a necessary con­dition to make a successful marriage, but love alone is not suffi­cient. Much more is needed. Before walking down the aisle, you should learn as much as possible about the one you intend to marry. Compatibility, trust, family, upbringing, religion, educa­tion, career, and financial condition all come into consideration. Marriage, after all, involves a long-term commitment. While there are no guarantees and you can never really be 100 percent certain, you should at least try to minimize the probability of making a wrong decision before tying the knot. Furthermore, when you enter into a marriage you are not likely to walk out just because a prettier face happens to come along. You are not likely to call it quits just because you have some dis­agreements. Of course, if it becomes absolutely clear that there are irreconcilable differences, divorce is always an option. But divorce is messy and extremely expensive. It should never be taken lightly. It should be employed only as a last resort. Divorce should not be the first thing on your mind when you are seriously thinking about getting married. In Warren Buffett's mind, buying a business is like getting married. One difference, of course, is that while he can have just one wife at a time, he can own as many businesses as he can afford. Yet in every case, when Buffett buys a business, he knows he is making a major commitment. This is why he tries to buy only good businesses that he plans to keep for the long run. All serious Buffett fans know this is part of his mystique.

- Vahan Janjigian
http://janjigian.blogspot.com

Spot on.

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