Subject: Re: Chris Davis
Chris and his dad are 2 of my all time favorite people. Did not know that history. Thanks so much for sharing that fascinating family history, Tex.

You may recall a few months ago Barons asked Chris why he sits on the Berkshire board. Berkshire does not pay directors insurance. Why take the risk?

Chris: “Berkshire has been run with tremendous transparency, integrity, & a long-term orientation and a culture of stewardship.Who would say no that opportunity? That’s the present.

As for the future, every activist & investment banker will argue that in a world without Warren & Charlie, Berkshire’s unorthodox structure shouldn’t persist. BERKSHIRE IS WORTH DEFENDING (my emphasis)……If we had a Latin motto in my family, it would be the Latin for work before play. Eat your vegetables then you get dessert. Being on the board for Berkshire is like getting dessert first: the chance to be with Warren and Charlie. The vegetables will be come when they aren’t there, when the job of the board will be to protect this precious culture”.

After Warren leaves, he’s entrusted the future of this structure & enterprise to a very few people including Chris Davis. How do you top that?!