It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you'll do things differently.
More Quotes from Warren Buffett:An educational approach to money and investing struck me as a very good idea. People do form behavior habits very young on matters of money. I get calls every day from people who are in a financial hole.
The first rule is not to lose. The second rule is not to forget the first rule.
The investor of today does not profit from yesterday's growth.
Look at market fluctuations as your friend rather than your enemy; profit from folly rather than participate in it.
It's only when the tide goes out that you learn who has been swimming naked.
I am quite serious when I say that I do not believe there are, on the whole earth besides, so many intensified bores as in these United States. No man can form an adequate idea of the real meaning of the word, without coming here.
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I did not know many of the details relevant to the Iran and contra initiatives.
By this time it was past six, and the enemy's van and ours were at too great a distance to engage, I perceived some of their ships stretching to the northward; and I imagined they were going to form a new line.
More flirtatious than me. I couldn't work it like she did.