Quote:
Originally Posted by manaboutown
He is now 93, I believe, and at some point he will need to relinquish control or pass away as Charlie Munger did.
Short term I expect BRK to take a hit. My concern is what will happen to the price of the stock long term?
Any thoughts and/or predictions?
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It's an easy prediction that there will be a short term drop in the price of the stock; however, it will be very short. The value in Berkshire is crystal clear by looking at its holdings, which are much like an index fund. For example, the $170B held in cash isn't going to change in price when Buffett dies, nor will the market price of the Apple stock held by Berkshire. Any significant change will occur over the course of the following year or two following his death.
In the late 1980's, our law firm started making some money. One of my partners had been a broker with Shearson Lehman before going to law school. I was trying to "play" the stock market, with some success and many failures. He told me to stop and to just put everything I had into Berkshire. Oh how I wish I had taken his advice! It took 20 years of ups and downs before I wised up.