Evidence receipt / commitment
Published · transcript-backedDavid Rosenthal: commitment
12 May 2021 Acquired Berkshire Hathaway Part II
“Probably one of the most famous statements that Buffet’s ever made in certainly corporate history where he's being grilled by senators about what he's going to do at Salomon and how he's going to turn it around. And he says the way the Salomons can operate going forward is, "Lose money for the firm and I will be understanding.”
Source trail
Everything needed to verify it.
- Speaker
- David Rosenthal
- Attribution
- Verified speaker
- Claim type
- commitment
- Recorded
- 12 May 2021
- Publisher
- Acquired
- Episode
- Berkshire Hathaway Part II
Transcript context
…Warren's not there to protect anyone. This is a win-win. Exactly. This has Charlie's fingerprints all over it. Warren goes in front of Congress. Probably one of the most famous statements that Buffet’s ever made in certainly corporate history where he's being grilled by senators about what he's going to do at Salomon and how he's going to turn it around. And he says the way the Salomons can operate going forward is, "Lose money for the firm and I will be understanding. Lose a shred of reputation for the firm, and I will be ruthless." Fascinating.…
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