“If you let yourself be undisciplined on the small things, you will probably be undisciplined on the large things as well.”
Warren has found that people often make exceptions to a disciplined investment strategy when they are making small investments, and that this behavior often leads to an unraveling of a disciplined approach. Discipline is the key to success in the investment game—just as it is a key to success in much of life. Warren so believes in a disciplined approach that he has turned down a $2 golf bet because the odds were against him. He freely admits that on the golf course the odds are usually against him. In Warren’s world little things really do matter.