To paraphrase Warren Buffett, when the tide goes out you get to see who is not adequately covered by collateral.

FORBES: OutFront

The tide can be treacherous but the golden sand is ideal for picnics, building sand castles, watching kite surfers and, when the tide goes out, paddling in the lagoons.

BBC: Mini guide to coastal Norfolk

I'm unable to work or parent effectively for months or even years at a time - then the tide goes out and I feel "normal" for a while, able to function again.

BBC: Bipolar holiday

When the 2008-09 global economic crisis disclosed the weakness of many Irish bank loans--what Warren Buffett calls swimming naked when the tide goes out--the Irish government decided to guarantee all bank depositors and pay withdrawals from new debt.

FORBES: The Enemy Within

When the tide goes out, organizers shovel up and pat down the sand to create the racing line, but such are the elements that occasional pools of surface water can remain, which some horses don't mind but others despise -- merely another nuance to the racing at Laytown.

CNN: Quick sand: Welcome to Irish beach racing at Laytown