Buffett will be a tough act to follow, but Apple did just fine after Steve Jobs and new retirees are still snapping up homes in the Villages after Harold Schwartz and Gary Morse. I would expect there is a “in Warren Buffett we trust” good will premium built into the stock price that might disappear, but only time will tell. There used to be a significant “in Elon Musk we trust” premium built in Tesla’s stock price, but gullible investors seem to be smartening up to that one.
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