It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you'll do things differently.
Interpretation
Reputation is built over time but can be destroyed quickly. This highlights the importance of being mindful of our actions.
Warren Buffett's quote emphasizes the fragility of reputation, illustrating that while it takes substantial time and effort to cultivate a good reputation, it can be easily tarnished by careless actions or decisions. This serves as a reminder to consider the impact of our choices, as taking a moment to reflect can lead to wiser decisions that protect our reputation.
In practice
This quote can be shared in a business seminar to remind professionals about the importance of maintaining a good reputation.
I have no views as to where it will be, but the one thing I can tell you is it won't do anything between now and then except look at you. Whereas, you know, Coca-Cola (KO) will be making money, and I think Wells Fargo (WFC) will be making a lot of money and there will be a lot - and it's a lot - it's a lot better to have a goose that keeps laying eggs than a goose that just sits there and eats insurance and storage and a few things like that.
If the world couldn't see your results, would you rather be thought of as the world's greatest investor but in reality have the world's worst record? Or be thought of as the world's worst investor when you were actually the best?
Cash never makes us happy, but it's better to have the money burning a hole in Berkshire's pocket than resting comfortably in someone else's.
I think you should read everything you can. In my case, by the age of 10, I'd read every book in the Omaha public library about investing, some twice. _x000D_ You need to fill your mind with various competing thoughts and decide which make sense.
The most common cause of low prices is pessimism - some times pervasive, some times specific to a company or industry. We want to do business in such an environment, not because we like pessimism but because we like the prices it produces. It's optimism that is the enemy of the rational buyer.
Oneβs objective should be to get it right, get it quick, get it out and get it over. Your problem wonβt improve with age.
You will come to know things that can only be known with the wisdom of age and the grace of years. Most of those things will have to do with forgiveness.
I have learned from my experiences in this industry that there is absolutely no way to control people's opinions on your performance in your movie. You go out there, promote your film and hope people like the work you did.
May we do good everywhere as we have opportunity, and results will not be wanting!
The melancholy joys of evils pass'd, For he who much has suffer'd, much will know.
Thinking should become your capital asset, no matter whatever ups and downs you come across in your life.
Kindness boggles my mind. It's the only force in nature that increases simultaneously for the giver and the receiver.
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