He further stated that David Sokol clearly violated Berkshire Hathaway's ethical standards when he bought stock in Lubrizol before recommending that Berkshire buy the chemical company. He was candid enough to admit in front of an arena full of Berkshire Hathaway shareholders at the company's annual meeting on Saturday that he doesn't think he will ever understand why the former Berkshire executive did what he did. He further stated that the situation was sad for Berkshire and sad for Dave. It is remarkable that he spent 6 hours answering questions by the investors.
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