Quote Only when the tide goes out do you discover who's been swimming naked. - Warren. Change background. Only when the tide goes out do you discover.
Thanks for the A2A. I believe what he means by that is when the market is rising, or business conditions in general are easy and favorable, most participants look .
10 Overlooked Warren Buffett Quotes and Interpretations. Not only was Enron swimming naked, it was doing it in a public area. But before I continue, click on.
A nugget of wisdom that Warren Buffett has passed along more than once to Berkshire Hathaway investors is this: "You only find out who is.
Warren Buffett — 'You never know who's swimming naked until the tide goes out.'.