Both Buffett and Munger often give the impression of being very hands - off with the management of the companies Berkshire owns — in the past Munger has referred to the culture of managing investee companies at Berkshire as being «decentralization almost to the point of abdication» but this letter suggests Buffett was not shy
about making an interjection where he thought it was necessary: «Brandeis has taken a number of our boxes and placed them on the counter with 25 other offerings of cheap bulk
candy, and other run of the
mill products.