Post #17393 by BreckHutHigh on the Berkshire Hathaway board

Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)

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"Maybe Mr. Buffett felt he had to wait until Olson stepped down from the board to avoid any appearances of impropriety?

If so, Warren made the more ethical choice - to take a "pass" on GOOGL even when faced with the potential to make a "no brainer" multi billion dollar gain for the company.

Speaks volumes to his character.

Buffett in a 2010 letter to Berkshire Hathaway Managers:

"The priority is that all of us continue to zealously guard Berkshire’s reputation. We can’t be
perfect but we can try to be. As I’ve said in these memos for more than 25 years: “We can afford to lose
money – even a lot of money. But we can’t afford to lose reputation – even a shred of reputation.” We
must continue to measure every act against not only what is legal but also what we would be happy to have
written about on the front page of a national newspaper in an article written by an unfriendly but intelligent
reporter."

https://www.berkshirehathaway.com/2010ar/2010ar.pd...

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