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David Sokol & Berkshire Hathaway: Insider Trading or Simply a Violation of the Corporate Opportunity Doctrine?

By now, everyone and his brother has had an opinion on the l'affaire Sokol. I've poked around a little and given it some thought. I think there are two issues. First is the corporate opportunity issue. I think that's pretty clear. The second, and more ambiguous issue, is the potential...