QuestionerWhat practical mental model or mental models would you impress upon a young enterprising individual at the infancy of their career to build an important enduring enterprise of that particular distinction and impact?
WarrenYes, well, of course, reputation you get over a long period of time. Very few people are like Charles Lindberg where you just suddenly have a great reputation. Most of us have to acquire one very slowly, and that was true in Berkshire's case. And in any individual, you just have to get the best reputation you can in the years you're allotted and the time available. And it may work out well, it may work out poorly, but it's a wise investment. I see all the time opportunities come to people where it's their, it's the credibility of gotten in the past that causes them to have the new opportunity. So I think hardly anything is more important than. behaving well as you go through life. And I think we actually try to behave better as we got more prosperous. And I think you'd be crazy if you didn't. So I certainly recommend that you follow those old-fashioned principles. Johnny Anielli of Fiat, back in, I think it was 1988. I was at dinner with him one time. And he said something to me that stuck with me. me. He said, when you get old, he says, you'll have the reputation you deserve. He said, in the, he said, for a while, you can, you can, uh, fool people, but he says, when he was talking about himself at the time and, but he said, when you, when you get to be my age, he says, yo, whatever reputation he has, it's probably the one you deserve.