ROB ROSE: Warren Buffett on why CEOs go rogue
For those battling to figure out why we’ve had the corporate scandals we’ve had, Berkshire Hathaway’s founder reckons it’s all about pride
27 February 2020 - 05:00
There is something slavishly unbecoming in the almost messianic reverence some investors have for Warren Buffett. His annual newsletter, admittedly a rollicking read, is often treated as if it’s the long-lost commercial script of the Gnostic gospels, dug up in Omaha, by way of Nag Hammadi.
But then I suppose at 89 years old, with Berkshire Hathaway having produced an annual gain of 20.3% per year since 1965, perhaps you’re entitled to throw around wisdom and have fans write elaborate essays about your use of the word "independent"...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.