Warren Buffett, chairman and chief executive of Berkshire Hathaway, weighs in on his cooperation with the government on questions pertaining to David Sokol, former NetJets chairman, and adds his outlook on the economy. First, though, Andrew Ross Sorkin asked Buffett about Rajat Gupta and what Buffett knew/thought about Gupta’s arrest on charges he provided Raj Rajaratnam with inside information about Buffett’s investment in Goldman Sachs.

“The system has a lot of temptations in it,” Buffett said. “And people succumb to temptations and the only way to reduce that kind of activity is you look very hard to find and then you do something about it when you do find it.”

This entry was posted on Monday, November 14th, 2011 at 3:18 pm and is filed under General, Video. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.