Warren Buffett's bold confession: ‘Mistakes at Berkshire feel like a failed marriage’
Warren Buffett, in his annual letter, admitted making mistakes at Berkshire Hathaway, particularly in capital allocation and hiring decisions. He stressed the importance of promptly correcting errors and criticized the corporate culture that avoids discussing mistakes. His open approach contrasts with other companies' narratives, reinforcing his commitment to transparency and accountability.
Warren Buffett, in his annual letter, admitted making mistakes at Berkshire Hathaway, particularly in capital allocation and hiring decisions. He stressed the importance of promptly correcting errors and criticized the corporate culture that avoids discussing mistakes. His open approach contrasts with other companies' narratives, reinforcing his commitment to transparency and accountability.
