Over the course of his career Buffett has encountered countless hardships, however, none would be of greater importance than the Salomon Brothers scandal. Know as a man with good integrity and whom was trusted within the financial sector, it came as a surprise to many when Buffett acquired twelve percent of Salomon Brothers. During this time the investment bankers were not trusted among the public and Buffett himself had outspokenly criticized many investment banker. Whether he was proud of his investment or not, it would be a critical turning point in his life. While commenting on his investment in Solomon Brothers, he stated that “it takes twenty years to build a reputation, but it takes five minutes to lose it”(59:05). Although praised for
