Post #9020 by mungofitch on the Berkshire Hathaway board

Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A) ❤

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When they started out hot he disclosed it, when they fell behind, he stopped.

This isn't because of a sudden fear of disclosure of bad stuff.

Mr Buffett has long had the (very astute) management principle of "praise in public, criticize in private". If the investment returns of T&T are not what's expected of them or not good enough relative to risks taken, I'm confident that is a conversation that their boss has had with them. It is not usually astute to announce publicly that "our employee X has done a bad job".

Besides, within rounding error we know the result of their two portfolios since we know the name and approximate performance of every US pick if we care to look.

Jim

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