Money Quote by Alice Schroeder
““Lose money for the firm, and I will be understanding. Lose a shred of reputation for the firm, and I will be ruthless.””
About This Quote
Source Book: The Snowball: Warren Buffett and the Business of Life, 2008
Prioritizes protecting reputation over financial loss, showing ruthlessness when credibility is at stake.
In simple terms: Reputation matters more than money.
Guard your reputation fiercely.
Themes
Mood
Type
When to use this quote
- corporate crisis
- public relations
- leadership decisions
Key Concepts
Questions to Reflect On
- How do you balance financial risk with reputational risk?
- When is it justified to sacrifice reputation?
Ruthlessness may damage long‑term trust if misapplied.