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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
Shred
Afford
Reputation
Lose
Loses
Money
Even

More quotes by Warren Buffett

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It's going to be tough because the economy is going to be getting worse for a while. And it might fall off a cliff if this doesn't pass. But nobody will ever know that if it does.
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The best thing that happens to us is when a great company gets into temporary trouble...We want to buy them when they're on the operating table.
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If you cannot control your emotions, you cannot control your money.
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You really don't need leverage in this world much. If you're smart, you're going to make a lot of money without borrowing. I've never borrowed a significant amount of money in my life. Never. Never will. I've got no interest in it.
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It is to our advantage to have securities do nothing price-wise for months, or perhaps years, while we are buying them.
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The reaction of weak management to weak operations is often weak accounting.
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Of one thing be certain: if a CEO is enthused about a particularly foolish acquisition, both his internal staff and his outside advisors will come up with whatever projections are needed to justify his stance. Only in fairy tales are emperors told that they are naked.
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Market prices for stocks fluctuate at great amplitudes around intrinsic value but, over the long term, intrinsic value is virtually always reflected at some point in market price.
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You only have to do a very few things right in your life so long as you don't do too many things wrong.
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To win, the first thing you have to do is not lose.
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Only when the tide goes out do you discover who's been swimming naked.
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Our approach is very much profiting from lack of change rather than from change. With Wrigley chewing gum, it's the lack of change that appeals to me. I don't think it is going to be hurt by the Internet. That's the kind of business I like.
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We enjoy the process far more than the proceeds.
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What's hot today isn't likely to be hot tomorrow. The stock market reverts to fundamental returns over the long run. Don't follow the herd.
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In a difficult business, no sooner is one problem solved than another surfaces - never is there just one cockroach in the kitchen.
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We have long felt that the only value of stock forecasters is to make fortune-tellers look good.
Warren Buffett
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Always associate yourself with people who are better than you.
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I'm just lucky to have been in the right place at the right time. Another place, another time, I wouldn't have been as successful. Society enabled me to make my money and my money should go to society.
Warren Buffett
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I really like my life. I've arranged my life so that I can do what I want.
Warren Buffett
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Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good results.
Warren Buffett