Quote:
Originally Posted by MrChip72
Buffet has said that the people taking over after him and Munger are gone are smarter than them. I tend to believe him. From the sounds of his last speech earlier this month it seems like he might decide to retire before he dies first.
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I agree BRK has top flight investment and executive talent who are highly capable people. Yet it seems to me that some of the opportunities Buffett was offered and the deals he was able to unilaterally strike shooting from the hip so to speak may not be as possible after he is gone from BRK. Too, the sheer size of the company now makes it difficult to achieve huge gains on a single deal.
I first heard about Buffett in the 1970s after he had started buying into GEICO which had been my insurer. I was a young government employee living in the DC area during the late 1960s, loved muscle cars and GEICO offered great rates. I bought a few shares of BRK in the early 1980s and just held on to it.
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