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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
Loses
Money
Ruthless
Firm
Reputation
Forgiving
Lose

More quotes by Warren Buffett

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I don't like what's going on with the executive compensation.
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The big question about how people behave is whether they've got an Inner Scorecard or an Outer Scorecard. It helps if you can be satisfied with an Inner Scorecard.
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It's the deleveraging that's going on right now that has caused the credit crisis.
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In my view, [the trade deficit] will create political turmoil at some point...Pretty soon, I think there will be a big adjustment.
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There is no perfect mathematical formula for pricing a business.
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I don't have my diploma from the University of Nebraska hanging on my office wall, and I don't have my diploma from Columbia up there either-but I do have my Dale Carnegie graduation certificate proudly displayed.
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If the reason for doing something is that everyone else is doing it, it's not a good enough reason.
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I don't try and guess when to get in and out of the market. I have owned stocks consistently since 1942. I owned the - I was buying stocks the day before the election. I was buying the same stocks the day after election. And if Hillary had been elected, it would have been the same thing.
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Charlie and I have a number of filters that things have to get through before we'll think about them.
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What's going to happen - things we're doing are going to have some inflationary consequences.
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You need a lot of curiosity for a long, long time.
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A public-opinion poll is no substitute for thought.
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When we went crazy, and we did go crazy on residential real estate, it set things in motion that just - the dominoes started toppling.
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The most important quality for an investor is temperament, not intellect.
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Investors should remember that excitement and expenses are their enemies.
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I would say it's more important who the treasury secretary is than who the vice president is. If you want to have a debate here, I'd like a debate between potential treasury secretaries than the vice presidential debate.
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Emotional makeup is more important than technical skill
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Is management candid with the shareholders?
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Investment decision should be made on the basis of the most probable compounding of after-tax net worth with minimum risk.
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Returns decrease as motion increases.
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