‘If You Suffer, We Will Suffer’: The Open Secret Behind Warren Buffett’s 62-Year, 6,088,800% Berkshire Hathaway Success Story

Bottom Line Up Front: Long before “skin in the game” became popular corporate jargon, Warren Buffett was already promising Berkshire Hathaway shareholders something far rarer than bold forecasts or flashy incentives: alignment. In his 1994 shareholder letter, Buffett made it explicitly clear that Berkshire’s managers would win and lose alongside shareholders, with no asymmetric compensation schemes and no side bets elsewhere. More than three decades later, after Berkshire Hathaway (BRK.B) (BRK.A) has compou ...