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Book cover for 50 Berkshire Hathaway Letters to Shareholders 1965-2014

50 Berkshire Hathaway Letters to Shareholders 1965-2014

Sometimes your associates will say “Everybody else is doing it.” This rationale is almost always a bad one if it is the main justification for a business action. It is totally unacceptable when evaluating a moral decision. Whenever somebody offers that phrase as a rationale, in effect they are saying that they can’t come up with a good reason.