07 April, 2011

Silence is not Golden, Mr. Buffet

Looks like trouble is brewing up @ Berkshire hathway- "Buffett has maintained his planned silence following the March 30 letter in which he disclosed David Sokol's resignation and now-questioned investment in Lubrizol Corp. In the meantime, though, he has been slammed with the kind of rebukes and questioning from the media and investors that he just isn't used to"

Buffett is remaining so silent that Berkshire is not even confirming a report that its board has set up an independent committee to investigate Sokol's behavior -- normally the kind of thing that would be announced in a regulatory filing or press release. This is not the buffet whom i knew.. The legend of the investments need to speak up !