If you see anything whose propriety or legality causes you to hesitate, be sure to give me a call.I just got done reading this year's report (via this article that talks about Berkshire falling behind the S&P 500 of late) and I was struck by this list of Berkshire's largest stock holdings. Sure seems like they're invested in a lot of chemists:
However, it’s very likely that if a given course of action evokes such hesitation, it’s too close to the line and should be abandoned. There’s plenty of money to be made in the center of the court. If it’s questionable whether some action is close to the line, just assume it is outside and forget it.
*I took the title from my mental nickname for the Burlington Northern Santa Fe railroad, which is owned by Berkshire Hathaway. BNSF trains interrupt my sleep and conversations on a regular basis.