"The greatest institutions…**select very trustworthy people, and they trust them a lot**…There’s so much self-respect you get from [being] trusted and [being] worthy of the trust that [the] best compliance cultures are the ones which have this attitude of trust. [Some corporate cultures] with the biggest compliance departments, like Wall Street, have the most scandals. So it’s not so simple that you can make your behavior better automatically just by making the compliance department bigger. **This general culture of trust is what works**. [[Berkshire Hathaway|Berkshire]] hasn’t had that many scandals of consequence, and I don’t think we’re going to get huge numbers either. ([Location 2843](https://readwise.io/to_kindle?action=open&asin=B00K33E460&location=2843))" --- **Tags** -- [[quotes]], [[trust]] , [[organisational-culture]] , [[compliance]], [[organisational-values]] **Source** -- [[202407260951 - B - Berkshire Beyond Buffett]]