Prof. Bainbridge provides the memo that Warren Buffet sent this year to his managers. It provides useful insights into how the Oracle of Omaha encourages his colleagues to “do the right thing”. More importantly, and this applies to so many areas, he tells them not to do something simply because “everyone else is doing it”. My father used to tell me all the time not to be caught in the trap of that verbal crutch. Here is the link: Warren Buffet’s Memo