Living by the Inner Scorecard

            Back in 1999, one of the world's richest men, Warren Buffett, appeared to be losing his touch. Numerous newspapers and business magazines were asking, “What's wrong with Warren Buffett?”

            His mutual fund was trending downward; meanwhile, technology stocks were soaring upwards. He received much pressure to surrender and purchase technology stocks, which he considered to be poor buys for the future.

            Warren Buffett did not surrender. He chose instead to follow what he called his “Inner Scorecard.” (See my post of 6/13/12.)

            Buffett said he was the type of person who, were he painting the ceiling of the Sistine Chapel, would have ignored advice from passerby’s. It was HIS painting, and he would work on it for the rest of his life because, in his mind, it would never be finished. That would be living life by the Inner Scorecard.

            Buffett would ultimately look like a genius. The technology boom turned to bust, but Buffett’s trust fund grew in value. Buffett was spared loss and humiliation because he followed his Inner Scorecard.

            The Bible is full of people who followed their Inner Scorecard. Here is how the writer of Hebrews chapter eleven puts into his own words the concept of the Inner Scorecard: But they were looking for a better place, a heavenly homeland. That is why God is not ashamed to be called their God, for he has prepared a city for them (Heb. 11:16.) NLT

Source: THE SNOWBALL WARREN BUFFETT AND THE BUSINESS OF LIFE by Alice Schroeder