Warren Buffet’s 2024 Report to Berkshire Hathaway Shareholders

Warren Buffet:

if you start fooling your shareholders, you will soon...be fooling yourself as well.

Also, he acknowledges the structure of American society for facilitating their success:

However, as Charlie and I have always acknowledged, Berkshire would not have achieved its results in any locale except America whereas America would have been every bit the success it has been if Berkshire had never existed.

So many technology companies wouldn’t have their success without the free and open web and its unwritten social contract. But the web would be a success without them.

We need more acknowledgement of what the unwritten social contract of the web has done, rather than a continued exploitation of it.