We Study Billionaires - The Investors Podcast

On today’s episode, Clay is joined by Lawrence Cunningham to discuss the value of trust-based cultures and organizations, and the value Warren Buffett has created by implementing such an approach at Berkshire Hathaway.  Cunningham is the Director of the University of Delaware's John L. Weinberg Center for Corporate Governance. He’s the sitting director on three global public company boards — Constellation Software, Markel Group, and Kelly Partners Group.  Cunningham is a best-selling author of a number of books, including “The Essays of Warren Buffett,” “Quality Investing,” and “Quality Shareholders.” IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 01:34 - The primary role of the board of directors for a public company. 04:52 - The value of trust-based cultures and organizations. 16:19 - The key attributes of a trust-based organization. 26:11 - How Warren Buffett identifies trustworthy people. 45:09 - The story of David Sokol breaking Warren Buffett’s trust. 55:52 - Lawrence’s thoughts on Berkshire’s $300B+ ca