Subject: Re: Dear Mr Buffett, and your letter next week.
Do you know who made the decision on any given purchase for any other company or fund? Nope

You are right - but Berkshire is a different beast. Itīs build on trust. Trust always was and is THE factor when it comes to Berkshire and it's a bit special shareholders.

That trust was build not only on the company structure, but on individuals, namely Warren and Charlie. If Berkshire wants to stay what it always was it's important that the new generation of individuals steering the company build the same trusting relationship with their shareholders --- and that requires not just quarterly company results, but the utmost transparency of those individuals and their decisions.