Joshua FraserChief Data Nerd, Data Nerds · CEO at Data Nerds, AI & Data Entrepreneur

Why Trust is the Most Valuable Asset - Warren Buffett & Stephen Covey Insights

Name: Why Trust is the Most Valuable Asset - Warren Buffett & Stephen Covey Insights
Uploaded: 2024-08-28T17:05:14+00:00
Duration: 36 s
Channel: Joshua Fraser
Description: Joshua Fraser uses Stephen Covey's The Speed of Trust and a Warren Buffett quote to explain why trust matters. Trust fills like drops in a glass but…

28 Aug 2024 · 1 min

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Joshua Fraser uses Stephen Covey's The Speed of Trust and a Warren Buffett quote to explain why trust matters. Trust fills like drops in a glass but shatters in seconds. Fraser describes his own years-long effort to rebuild it after breaking it.

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And then the second book, which is arguably the most important, and I reread it this year, was the Speed of Trust by Stephen Covey. And so having to redevelop trust in an environment where you've broken it all is a really challenging thing. And so I kind of looked at it as my favorite analogy was, you know, trust is like a glass full of water. You know, you. You add little drops to it, and it's full. It takes forever to fill up, but it takes five seconds to knock it over. I think it's a Warren Buffett quote about that, too. It takes a lifetime to build a reputation, in an instant to ruin it. And so it's been a couple of years now, and I feel like I've completely changed.