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"It takes 20 years to build a reputation and 5 minutes to ruin it. If you think about that, you'll do things differently." -Warren Buffett
by Judgmentality 8y ago
"It takes 20 years to build a reputation and 5 minutes to ruin it. If you think about that, you'll do things differently." -Warren Buffett
- TeMPOraL 8y agoExcept people do, because they know that reputation matters little and even the biggest fiasco is forgotten under a year. Catchy quotes are nice, but need to be checked against the real world. See also: https://news.ycombinator.com/item?id=17961703 https://news.ycombinator.com/item?id=17961703.
- Judgmentality 8y agoWhile I appreciate your point, I'm not so sure your generalization is any more valid than mine. Chipotle is a good example of a company that got slammed due to a reputation problem, and is still recovering from it years later. The jury's still out on Intel after spectre. Also I think the reason Equifax hasn't been hurt is largely because they do not depend directly on consumers for their business model. I think it is more than just my small circle of friends that would like nothing more than to see them die.