Warren Buffett：Berkshire Hathaway 2005 Letter, Additional Excerpt 2

Take a look at the dilemmas of managers in the auto and airline industries today as they struggle with the huge problems handed them by their predecessors. Charlie is fond of quoting Ben Franklin’s “An ounce of prevention is worth a pound of cure.” But sometimes no amount of cure will overcome the mistakes of the past.

Source： https://www.berkshirehathaway.com/letters/2005ltr.pdf
Locator：2005 Chairman's Letter, additional excerpt 2 · Verified：2026-10-19 · Verification：Short excerpt

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