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Keep your face always toward the sunshine - and shadows will fall behind you.

Mar

- Walt Whitman

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Clearly, Berkshire Hathaway doesn't have the agency problem

Mar

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Warren Buffett, one of the world's wealthiest, reimburses Berkshire Hathaway for postage

The agency problem often occurs in corporate America. With the agency problem, management takes actions that benefit themselves to the exclusion of stockholders.

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Keep your face always toward the sunshine - and shadows will fall behind you.

Clearly, Berkshire Hathaway doesn't have the agency problem

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