INTERNAL OR EXTERNAL? BE CAREFUL!!
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Warren Buffett emphasizes whether people act based on their own internal values or based on external factors. At this point, the duo talks about a scorecard. The first of these, the internal scorecard, refers to a perspective in which the individual acts in accordance with his or her own values and self-evaluations. This value, which Buffett learned from his father, suggests following his own internal compass.
On the other hand, the external scorecard refers to an approach shaped by the opinions of society and other people. For example, if someone who is considering buying a popular product acts based on the negative comments around him, this may reflect his dependence on external factors.
A similar dilemma may arise when purchasing cryptocurrency. When there is a popular
#kriptopara trend, it can be tempting to join the trend. However, making this decision based on popularity or social media influence means being dependent on external factors. To be successful and follow the right path, you must focus on your own internal values and make a decision independent of external factors.
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