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Kiwirob's avatar

All the talk and commentary about Warren stepping down is a little irrational given that it is going to be happening and everyone knows it. If it is tomorrow vs in 2 years time, what difference does it make to the combined future cash flows over the next 10 years?

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Doug's avatar

Perhaps you've already written on the topic, but a post or two on imagining how the first few years of the post-Buffett era of Berkshire plays out would be an interesting read. When as investors would we really notice the difference? In a year, three years, ten years? If Warren had passed five years ago, what would be noticeable different today? My two cents for the unwanted, but inevitable event is to expect a sell-off, followed by a buyback. In the short-term that will just be noise, but long-term it will all be about Greg Abel's capital allocation abilities which I frankly don't know much about.

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