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We can afford to lose money - even a lot of money. But we can't afford to lose reputation - even a shred of reputation.

Warren Buffett

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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Afford
Reputation
Lose
Loses
Money
Even
Shred

More quotes by Warren Buffett

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I don't look to jump over 7-foot bars: I look around for 1-foot bars that I can step over.
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In the search [of a deal], we adopt the same attitude one might find appropriate in looking for a spouse: It pays to be active, interested, and open-minded, but it does not pay to be in a hurry.
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The power of unconditional love. I mean, there is no power on earth like unconditional love.
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Other guys read Playboy. I read annual reports.
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It's a nightmare to administer some of this sort of thing, but I want to tell the shareholders of Berkshire, to the percent we own marketable securities or things for which there are market, even if those markets - I want to tell them what it's all about.
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I'd rather have a $10 million business making 15 per cent than a $100 million business making 5 per cent.
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Investing in yourself is the best thing you can do. If you've got talents, no one can take them from you.
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The reaction of weak management to weak operations is often weak accounting.
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Outstanding long-term results are produced primarily by avoiding dumb decisions, rather than by making brilliant ones.
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I do not believe in inheriting your position in society based on which womb you come from... I think a rich person should leave his children enough so they can do anything, but not enough so they can do nothing.
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Investment philosophy is the clear understanding that by owning shares of stocks he owns businesses, not pieces of paper.
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We have a country where I don't know whether it's a million households a year or more, but good form.
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Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy only when others are fearful.
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Investing requires qualities of temperament way more than it requires qualities of intellect.
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There is no substitute for a local newspaper that is doing its job.
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Inactivity strikes us as intelligent behavior.
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You shouldn't own common stocks if a 50 per cent decrease in their value in a short period of time would cause you acute distress.
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Consciously paying more for a stock than its calculated value - in the hope that it can soon be sold for a still-higher price - should be labelled speculation
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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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I'm always interested in understanding the math of things and understanding as much as I can about all aspects of business. And what I learn today may be useful to me two years from now. That's really the wonderful thing about investments is your knowledge is cumulative.
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