Poor Charlie's Almanack: The Essential Wit and Wisdom of Charles T. Munger · chapter 5 · id poor-charlies-almanack-c5-08-berkshires-salomon-brothers-in

“Berkshire's Salomon Brothers investment in the late 1980s nearly destroyed the firm, requiring Buffett to serve as interim chairman during a Treasury bond trading scandal.”

holdsconfidence: high✓ ZHP-verified + red-teamed

Receipts

Berkshire Hathaway 1991 Annual Lettersource alive

On August 18, I was drafted to serve as interim chairman of Salomon Brothers.

Lowenstein, 'Buffett: The Making of an American Capitalist' (1995)FLAGGED: DOI not in registry

Paul Mozer's illegal Treasury bond bidding nearly brought down Salomon.

This claim is a stable, citable object. If you can falsify a verdict, tell us — corrections are loud here.