Warren Buffett’s investing ways still working | This is Money

Warren Buffett’s investing ways still working | This is Money

It is an old school philosophy, but one Warren Buffett holds dear. 'We can afford to lose money – even a lot of money,' he told employees last year.
'But we can't afford to lose reputation – even a shred of reputation.'

So this week's events must have been personally excruciating for the Sage of Omaha, who has seen key lieutenant David Sokol resign amid controversial share purchases.

The reputation has taken a dent, as has the share price of Buffett's Berkshire Hathaway investment vehicle.

It would appear that Sokol's purchase of shares in the chemical firm Lubrizol ahead of a $9.7bn bid by Berkshire Hathaway was the result