Only when the tide goes out do you discover who’s been swimming naked.
Someone is sitting in the shade today because someone planted a tree a long time ago.
It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you’ll do things differently.
Risk comes from not knowing what you’re doing.
Rule No.1: Never lose money. Rule No.2: Never forget rule No.1
Price is what you pay. Value is what you get
It’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price.
It’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price.
Only when the tide goes out do you discover who’s been swimming naked.
When a management with a reputation for brilliance tackles a business with a reputation for bad economics, it is the reputation of the business that remains intact.
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