At Berkshire, I both initiate and monitor every…
“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.”
About This Quote
This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation.
He takes full responsibility for derivatives, emphasizing personal accountability over delegating blame to committees.
In simple terms: Take personal responsibility for risky decisions.
Key Takeaway
Own your actions, especially in finance.
Themes
finance
accountability
risk management
Mood
serious
reflective
Type
business
leadership
When to use this quote
- investment decisions
- risk assessment
- leadership
Key Concepts
derivatives
corporate governance
Questions to Reflect On
- How do you ensure accountability in teams?
- What systems prevent risk mismanagement?
A Different Perspective
Delegating blame can obscure true causes.