(May 1, 1995) Four years out from the Treasury bond scandal at the investment firm Salomon Brothers, Warren Buffett says he’s hopeful for the company’s future.
Lose a Shred and I Will Be Ruthless
(September 4, 1991) Warren Buffett testified about a securities scandal at Salomon Brothers. In it, he coined a quote that he has since repeated numerous times: "Lose money for the firm and I will be understanding. Lose a shred of reputation for the firm, and I will be ruthless."