“A great reputation is like virginity” – Warren Buffett
Related:
- 2-1a1a8 ‘Tendency to overestimate consistency of behavior’ - Behavior of others are often not innate-intentional but situational
- 2-1b2 Play in different time horizon. That is, in the long-run.
- 2-1b2c1 Knowing your sustainable growth is the key to consistency. Do not depend on will power.
- 3-1d6c Amara’s law modified - we underestimate the importance of consistency in the short-run, but overestimate in the long-run
- 3-1d6c1 The marginal cost of doing something wrong ‘just this once’ always seems alluringly low