Buffett's 1988 letter on accounting tricks and CEO missteps

If you think accounting tells the whole story of a business, you are in for a surprise. And if you assume senior management is always accountable for their decisions, think again. In his 1988 letter to Berkshire Hathaway shareholders, Warren Buffett peels back the curtain on some uncomfortable truths, the kind that most CEOs would rather keep hidden.

This article was originally published on April 02, 2025.