Warren Buffett has a favorite saying: "Lose money for my firm, and I will be understanding.
Mr. Buffett again warns in the clip: "Lose money for the firm, and I will be understanding.
Mr. Buffett, he noted, is fond of saying: "Lose money for my firm, and I will be understanding.
The testimony features one of the investor's most famous dire dictums: "Lose money for the firm, and I will be understanding.
(He famously delivered the following lines in his testimony before Congress on the scandal: "Lose money for the firm, and I will be understanding; lose a shred of reputation for the firm, and I will be ruthless").
After all, this is a guy whose mantra is, "Lose money for the firm and I will be understanding; lose a shred of reputation for the firm, and I will be ruthless".
In it, Mr Buffett said, "Lose money for the firm, I will be understanding; lose a shred of reputation for the firm, I will be ruthless"—a rule he said is generally applied at Berkshire.
The Salomon bailout yielded one of the clearest and harshest statements on business ethics that Mr. Buffett has ever uttered: "Lose money for the firm, and I will be understanding.
