I measure success by how many people love me. And the best way to be loved is to be lo veable.
That which is not worth doing at all is not worth doing well.
If you don't make mistakes you can't make decisions.
I think once you start putting phony figures into financial statements, you get in a lot of trouble. And we've seen so much of that in the last 20 years.
It makes a difference who the treasury secretary is.
At Berkshire, I both initiate and monitor every derivatives contract on our books ... If Berkshire ever gets in trouble, it will be my fault. It will not be because of the misjudgments made by a risk committee or chief risk officer.