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If you lose money for the firm, I will be forgiving. If you lose reputation, I will be ruthless.

Warren Buffett

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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Firm
Reputation
Forgiving
Lose
Loses
Money
Ruthless

More quotes by Warren Buffett

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I mean, you may be very mad at some guy that walked away with a huge golden parachute, but that really isn't the important thing.
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It is easier to rationalize than it is to be rational.
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Buy companies with strong histories of profitability and with a dominant business franchise.
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If you were at Lehman, the same thing happened. If you were at AIG, the shareholders are getting creamed on these things. And those shareholders are not just a bunch of big shots in Wall Street. Those are pension funds, and those are investors all over the country. I wouldn't worry too much about that. Justice won't be perfect on it.
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If we have a strength, it is in recognizing when we are operating well within our circle of competence and when we are approaching the perimeter.
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I don't like what's going on with the executive compensation.
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I made my first investment at age eleven. I was wasting my life up until then.
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We have usually made our best purchases when apprehensions about some macro event were at a peak. Fear is the foe of the faddist, but the friend of the fundamentalist.
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An investor should act as though he had a lifetime decision card with just twenty punches on it.
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Over the years, Charlie [Munger, Berkshire Hathaway Vice Chairman] and I have observed many accounting-based frauds of staggering size. Few of the perpetrators have been punished many have not even been censured. It has been far safer to steal large sums with pen than small sums with a gun.
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If you knew what was going to happen in the economy, you still wouldn't necessarily know what was going to happen in the stock market.
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For some reason, people take their cues from price action rather than from values. What doesn't work is when you start doing things that you don't understand or because they worked last week for somebody else. The dumbest reason in the world to buy a stock is because it's going up.
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Never depend on single income. Make investment to create a second source.
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I happen to have a talent for allocating capital. But my ability to use that talent is completely dependent on the society I was born into. If I'd been born into a tribe of hunters, this talent of mine would be pretty worthless. I can't run very fast. I'm not particularly strong. I'd probably end up as some wild animal's dinner.
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It’s not that I want money. It’s the fun of making money and watching it grow.
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Our marketable equities tell us by their operating results - not by their daily, or even yearly, price quotations - whether our investments are successful. The market may ignore business success for a while, but eventually will confirm it.
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Mr. Market is your servant, not your guide.
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Taking jobs to build up your resume is the same as saving up sex for old age.
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It's nice to have a lot of money, but you know, you don't want to keep it around forever. I prefer buying things. Otherwise, it's a little like saving sex for your old age.
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It's almost impossible to overpay the truly extraordinary CEO... but the species is rare.
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