david sokol, a berkshire executive and top contender to succeed buffett, resigned abruptly in march. that shocker came after sokol revealed he bought lubrizol to stock just before buffett acquired the chemical company. then last week, berkshire's audit committee issued a scathing report saying sokol violated berkshire's ethics and insider trading policies. at berkshire's annual shareholders' meeting, buffett admitted he made a "big mistake" in not questioning sokol about those stock purchases. still, he said sokol's actions were "inexplicable and inexcusable." >> a man made a terrible mistake and he's paying for it, unfortunately, and i feel badly for him. but berkshire moves on. >> susie: are you angry about what david sokol did? >> i'm disappointed. but, you know, he did a lot of good for berkshire-- some terrific things-- and to this point i never found anything to criticize, so i'm disappointed. >> susie: mr. buffett, what changes are you making at berkshire so another david sokol situation doesn't happen again? >> well, i think if you look at our code of ethics and our insider tr

recently about those who wield these weapons of mass destruction financial destruction and we refer to david sokol who was the heir apparent to warren buffett and then he was outed after insider trading his lawyer said it is alarming that mr buffett would be advised to so completely flip flop and resort to transparent scapegoat isn't mr sokol would have expected to be treated fairly that would have been in berkshire's interest and i think it's interesting because you know this was the first mainstream global media show. that started talking about warren buffett and the fact that he was overrated and he took away the fraud the malfeasance the insider trading the market manipulation from his performance e be no better than an s. and p. index fund and this is finally coming out of the end of his career it's a shame that he and charlie monger his friends and are not going to end their career on a more positive note i'd like to see the video footage of charlie monger just like the gimp from that movie pulp fiction becomes out of florida leather head to toe suit and a king and then he performs on godly