9 Comments
User's avatar
The Rational Walk's avatar

“To me, the answer to anyone agitating for change is a simple one. Why mess with a good thing?”

A growing number of people in society wish to use enterprises like Berkshire to promote political and social issues. And most boards meekly agree. I hope Berkshire resists the pressure after Buffett and Munger leave the scene. This is certainly not assured.

Kingswell's avatar

Yes, that's one of my biggest concerns about the post-Buffett era. I hope that Greg Abel (and others) have the clout to keep Berkshire the way it is.

Nick E.'s avatar

Thank you for investing your time and summarizing for us!

Six Bravo's avatar

Seconded. Good summary, thank you!

Michael's avatar

Another wonderful piece. What a shame more boards don’t act honorably like Berkshire... So many proxy are longer than annual reports.

Eric H's avatar

Really love the writing style. Clear, concise, simple - I wish I could write like you...

Kingswell's avatar

Thank you! I really appreciate the kind words! ❤️

User's avatar
Comment deleted
Mar 21, 2023
Comment deleted
Kingswell's avatar

Back in September, he bought 168 Class A shares at prices between $405,000 to $408,000.