Warren Buffett says

“Many shall be restored that now are fallen and many shall fall that are now in honor.”

—Warren Buffett

More from Warren Buffett

“It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you'll do things differently.”

—Warren Buffett

“Regardless of the impact upon immediately reportable earnings, we would rather buy 10% of Wonderful Business T at X per share than 100% of T at 2x per share. Most corporate managers prefer just the reverse.”

—Warren Buffett

“In our book, alignment means being a partner in both directions, not just on the upside. Many “alignment” plans flunk this basic test, being artful forms of “heads I win, tails you lose.“”

—Warren Buffett

“Money is Like Cow Poop, it Does No Good Unless You Spread It Around”

—Warren Buffett

“You only have to do a very few things right in your life so long as you don't do too many things wrong.”

—Warren Buffett

“If you aren't willing to own a stock for ten years, don't even think about owning it for ten minutes.”

—Warren Buffett

“There is no tougher job in corporate America than running an airline: Despite the huge amounts of equity capital that have been injected into it, the industry, in aggregate, has posted a net loss since its birth after Kitty Hawk. Airline managers need brains, guts, and experience—and”

—Warren Buffett

“You do things when the opportunities come along. I've had periods in my life when I've had a bundle of ideals come along, and I've had long dry spells. If I get an ideal next week, I'll do something. If not, I won't do a damn thing.”

—Warren Buffett

“It's only when the tide goes out that you learn who's been swimming naked.”

—Warren Buffett

“What the human being is best at doing is interpreting all new information so that their prior conclusions remain intact.”

—Warren Buffett