Warren Buffett: What I Tell Berkshire Managers

The transcript discusses ethical guidelines for managers at Berkshire, emphasizing the importance of considering public perception and avoiding actions that would be embarrassing if publicized. It advises against justifying actions based on peer behavior and stresses the importance of recognizing ethical boundaries. The speaker, an 80-year-old, shares personal insights on maintaining ethical standards and avoiding actions that cause discomfort or cross ethical lines.

What does the speaker mean by saying 'if it's close to the line it's over the line'?

What personal experience does the speaker share to emphasize their point about decision-making?