Buffett Says "Chief Risk Officers" Are a Terrible Mistake

One of the benefits of attending the Berkshire Hathaway shareholders' meeting is learning from the great value investors and Buffettologists who also make the yearly trek to Omaha. In this multipart series, Fool analyst Rex Moore speaks with Lawrence Cunningham, author of The Essays of Warren Buffett: Lessons for Corporate America. The book offers a unique approach by arranging all of Buffett's shareholder letters thematically, rather than chronologically.

Today, Professor Cunningham says one reaction to the recent financial crisis should never have happened.

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