The Tao of Warren Buffett: Warren Buffett's Words of Wisdom

Like the old vaudeville routine, can they keep multiple plates spinning in the air without dropping any? Several years ago, Carolyn, the wife of one of our principals, Joe Terry, was studying to learn American Sign Language (ASL). One night, Joe was helping her review by calling out words for her to sign. When he called out the word smart, she signed several words. When Joe asked why there were so many signs for this one word, she explained, БЂњIn sign language, smart is actually three different words.БЂ«The amount of education or training someone has, or book smarts, is represented by one sign. Street smarts, which indicates that someone has common sense and can build relationships with a wide range of people, is represented by a different sign. And the word wisdom is a third, completely different sign. Different roles require people to be different kinds of БЂњsmart.БЂ«A good accountant, for example, needs БЂњbook smartsБЂ«but doesnБЂ™t necessarily need БЂњstreet smartsБЂ«or БЂњwisdomБЂ«to be successful ...»