Buffett's advise in year end memo: guard the reputation of your business and plan for the future

Memos have lost their place in the business place for the most part. I'll send a broadcast email, which is just another name for a memo I guess. I think when social media started compiling the worst / meanest memos of the year is when I officially stopped using the Microsoft Office template for memos and opted for gentler emails.

But the era of the company memo is alive and well in some businesses, including the empire of Warren Buffett and Berkshire Hathaway. Late last week, Warren sent out a memo to his 'All Star' managers throughout the Berkshire Hathaway portfolio including their media properties.

Buffett hit the nail on the head in my opinion.