‘That taboo…always made me nervous’: Warren Buffett slams corporates’ aversion towards this word, but lauds Amazon

Legendary investor Warren Buffett criticizes large companies for their avoidance of admitting mistakes in his latest letter to shareholders, contrasting their lack of transparency with his own honesty. Buffett acknowledges errors in capital allocation and management decisions at Berkshire Hathaway, emphasizing the importance of prompt corrective action. He points out the dangers of a culture that avoids admitting mistakes, praising Amazon for its candid approach and highlighting the importance of transparency for long-term success in business.

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