Quote by Warren Buffett
When a management with a reputation for brilliance tackles a business with a reputation for bad economics, it is the reputation of the business that remains intact.
Summary
This quote suggests that the reputation of a business will overshadow the brilliance of its management when the management team takes over a business with a history of poor economic performance. It implies that even if the new management has a history of success and expertise, their influence cannot immediately and completely alter the perception of the business's economic stability. Ultimately, the prior reputation of the business for having bad economics persists, despite any efforts made by the new management.
Topics
Management
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