Warren Buffett Quotes
Only when the tide goes out do you discover who's been swimming naked.
Buffett, Warren. "Chairman's Letter." Berkshire Hathaway Inc. 2001 Annual Report. Berkshire Hathaway, 2002.
Many companies appear to be doing much better than they really are. Often they employ PR professionals to create that impression. Some companies are not even solvent, but the only way we can all tell is to have a recession generally or in that particular sector—the equivalent of the tide going out.
Warren Edward Buffett is an American investor, business tycoon, philanthropist, and the chairman and CEO of Berkshire Hathaway. He is considered one of the most successful investors in the world and has a net worth of over US$100.6 billion as of April 2021, making him the world's seventh-wealthiest person.