The Economics of Apologies

I'm a big fan of people offering their apologies for when they have done something wrong. In fact, I apologize that you have somehow come across this post and started reading it. I've written about this before (Why Is It So Hard for Some People to Admit They Are Wrong), and in that post included … Continue reading The Economics of Apologies

“I just decided that I’d made a mistake.”

Those are the words of Warren Buffett, one of the world's most famous and successful investors. Buffett offered the apology at Berkshire Hathaway's annual meeting which was held virtually this year, to the disappointment of tens of thousands of shareholders who normally attend what is referred to as the Woodstock of Capitalism. In 2016, Berkshire … Continue reading “I just decided that I’d made a mistake.”