My friend Gong Szeto (husband of longtime friend Bonnie Schwartz) posted this Warren Buffett quote on Facebook today. I’m reposting it here because I wanted to remember it.
“If you don’t feel comfortable owning something for 10 years, then don’t own it for 10 minutes.”
I’m getting ready to move and I think I’m going to apply this theory to the purging process: if I don’t want this for the next 10 years, I’m going to sell it or donate it to someone who might need it.
[...] Be ruthless in your purging. I passed on the Warren Buffet quote the other day, but even beyond that yardstick, just really be honest with yourself: Are you saving [...]