Birshire Hathaway - An Update

Birshire Hathaway update from Coattail Investor

"General Reinsurance, a company recently acquired by Berkshire Hathaway, was fined £1.2 million (US$2.3 million) by the Financial Services Authority this past week. The fine resulted from an FSA decision that two suspicious reinsurance deals seemed to be the result of questionable accounting practices. Both were discovered and revealed to the FSA by General Reinsurance itself.
The fine is very atypical for one of Warren Buffett’s companies, as he places a very high emphasis on business ethics. Just last month in a memo to his top executives, Buffett warned of the dangers of debatable accounting practices. Unfortunately, the memo was not released in time to prevent the two contracts in question, which were established in 1999 and 2004 respectively."

The question here is that will Warrent Buffett pull out his holding on General Reinsurance or continue to hold on the stock? My guess based on my study of Warren Buffett is that he will let it go as he hated company who practice Fakery on their accounting to the dot.