It will be interesting to see if Berkshire can maintain it's aura after Buffett passes. My guess is that it won't. It will become just another conglomerate - though it could take decades for it to lose its association with Buffett entirely.
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Jay Walker
· 1 month ago
The conglomerate issue has Wall Street's shorts in a knot, because most of them lose focus. WB hasn't - he doesn't try to run the companies, only ensures that capable people are in place, and he continues to allocate capital. I suspect his successor will act in exactly the same manner. This isn't any tougher than running a mutual fund - only without the distraction of withdrawals.
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Thanks for reading my post and including it.
Jay Walker
The Confused Capitalist