The world's richest man, Warren Buffett, says there are two types of people in this world: those who follow their Inner Scorecard, and those who follow their Outer Scorecard.
Buffett himself follows his Inner Scorecard. He explains his reasoning with the question, “If the world could not see your results, would you rather be thought of as the world's greatest investor but in reality have the world's worst record? Or thought of as the world's worst investor when you were actually the best?”
Buffett would prefer to be known as the worst… and in reality be the best.
Buffett applies this to parenting. He says that parents, when their children are at a very early age, emphasize one of the two. Those who emphasize concern for what the world thinks will cultivate an Outer Scorecard in their children—and vice-versa.
I believe we parents should cultivate an Inner Scorecard within our children. It should be a scorecard directed toward God, and not bound by what anyone in the world thinks.
I believe this concept lies behind these words in Deuteronomy 6: 6 Memorize his laws 7 and tell them to your children over and over again. Talk about them all the time, whether you’re at home or walking along the road or going to bed at night, or getting up in the morning. 8 Write down copies and tie them to your wrists and foreheads to help you obey them. 9 Write these laws on the door frames of your homes and on your town gates. CEV
Source: THE SNOWBALL WARREN BUFFETT AND THE BUSINESS OF LIFE by Alice Schroeder