"You know something about life, you cannot climb far with a weak ladder. If people know your business has been based on lies, sooner or later, it will break later"

This was and still is good advice anyone could give. A business built on lies will someday crumble because it doesn't take too long for the truth to be revealed, and that would cause a big havoc on one's business and even their integrity. It is good to seek counsel from people older than us because they have seen and experienced life and have knowledge than the younger ones who are just coming up.