D and c word of wisdom
Warren Buffetts Ground Rules: Words of Wisdom from the Partnership Letters of the Worlds Greatest Investor by Jeremy C. MillerUsing the letters Warren Buffett wrote to his partners between 1956 and 1970, a veteran financial advisor presents the renowned guru’s “ground rules” for investing—guidelines that remain startlingly relevant today.
In the fourteen years between his time in New York with value-investing guru Benjamin Graham and his start as chairman of Berkshire Hathaway, Warren Buffett managed Buffett Partnership Limited, his first professional investing partnership. Over the course of that time—a period in which he experienced an unprecedented record of success—Buffett wrote semiannual letters to his small but growing group of partners, sharing his thoughts, approaches, and reflections.
Compiled for the first time and with Buffett’s permission, the letters spotlight his contrarian diversification strategy, his almost religious celebration of compounding interest, his preference for conservative rather than conventional decision making, and his goal and tactics for bettering market results by at least 10% annually. Demonstrating Buffett’s intellectual rigor, they provide a framework to the craft of investing that had not existed before: Buffett built upon the quantitative contributions made by his famous teacher, Benjamin Graham, demonstrating how they could be applied and improved.
Jeremy Miller reveals how these letters offer us a rare look into Buffett’s mind and offer accessible lessons in control and discipline—effective in bull and bear markets alike, and in all types of investing climates—that are the bedrock of his success. Warren Buffett’s Ground Rules paints a portrait of the sage as a young investor during a time when he developed the long-term value-oriented strategy that helped him build the foundation of his wealth—rules for success every investor needs today.
The Word of Wisdom
The Word of Wisdom is a law of health revealed by the Lord for the physical and spiritual benefit of His children. On February 27, , as recorded in section 89 of the Doctrine and Covenants, the Lord revealed which foods are good for us to eat and which substances are not good for the human body. He also promised health, protection, knowledge, and wisdom to those who obey the Word of Wisdom. In the Word of Wisdom, the Lord revealed that the following substances are harmful:. Alcoholic drinks see Doctrine and Covenants —7.
Elder James E. As one of the many changes published in the revised edition, a new comma appeared in verse 13 of section 89, [Page ] also known as the Word of Wisdom. This comma was inserted between the words used and only :. Yea, flesh also of beasts and of the fowls of the air, I, the Lord, have ordained for the use of man with thanksgiving; nevertheless they are to be used sparingly;. And it is pleasing unto me that they should not be used, only in times of winter, or of cold, or famine.
When they assembled together in this room after breakfast, the first they did was to light their pipes and, while smoking, talk about the great things of the kingdom and spit all over the room, and as soon as the pipe was out of their mouths a large chew of tobacco would then be taken. - This article is part of a series on Discovering the Word of Wisdom.
The revelation is best known today for establishing the widely recognized Latter-day Saint practices of abstaining from alcohol, tobacco, and drug use, as well as coffee and tea. The Word of Wisdom appeared at a time of intense public debate about bodily health in general and alcohol abuse in particular. In the United States, many adults in the s had been raised in families where alcoholic beverages were consumed at breakfast, lunch, and dinner. Many became concerned about the social and health-related consequences of increased alcohol consumption. Beginning in the s, reformers called for abstinence from hard liquor; many of their hearers went further, taking a pledge against all alcoholic beverages, including beer. At the same time, some reformers spoke out against tobacco chewing and recommended coffee as a substitute for alcohol, given that clean water was not always available. Within the context of this debate, Emma Smith approached her husband, concerned about the environment in the School of the Prophets.
Biblical Truth Bold Compassion. It is also true that the use of alcohol is often destructive and that tobacco products are unhealthy , Much could be said about this subject, but we will limit ourselves to one important question: Is the Word of Wisdom really a revelation from God? That section, which Joseph Smith first produced in , explicitly claims to be a revelation from the Lord. A Word of Wisdom, for the benefit of the council of high priests, assembled in Kirtland, and the church, and also the saints in Zion— To be sent greeting; not by commandment or constraint, but by revelation and the word of wisdom, showing forth the order and will of God in the temporal salvation of all saints in the last days— Given for a principle with a promise, adapted to the capacity of the weak and the weakest of all saints, who are or can be called saints. Mormons often claim that these instructions reflect knowledge about healthy and unhealthy foods that Joseph Smith could not have known by natural means in the s. According to Gordon B.
This article is part of a series on Discovering the Word of Wisdom. To view all the articles in this series, see Featured Author Jane Birch. And it is pleasing unto me that they [the flesh of animals] should not be used, only in times of winter, or of cold, or famine. According to this theory, before the era of mechanical refrigeration, meat spoiled easily so it was prudent to abstain from eating meat except in times of winter or cold. The assumption is that now that we all have refrigerators the Lord is just as pleased if we eat meat year-round. I think it is obvious why this interpretation is so popular!