Taken from the Wall Street Journal
“Warren Buffett said recent reports of a bribery scandal at Wal-Mart Stores Inc.’s (WMT) Mexico operations haven’t altered his view of investing in the retailer, he told CNBC in an interview.
Buffett said that he has always held that in general, someone at larger corporations is always doing something wrong, and that the company’s job is to get the issue corrected.”
The only way I can accept this as a truth is if I think of Buffet as a corporation (not too difficult to do) and then apply this statement to it. In which case its his job to get this issue corrected … though my hopes are not too high.
Thank you Raymond
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