"If we have the same culture, we will be here in 100 years," Buffett says. "Berkshire is built forever."
great take, cheers!
Really good piece, Kevin. It will be interesting to see how this all plays out. The CEO's of the subs seem to have this tremendous affinity toward Warren and don't want to let him down. Will they feel same toward Greg? Who knows. Will it be business as usual when Warren passes on? Probably initially but over time? Stay tuned.
Lovely piece! Having met Greg at the shareholder meeting last year, he definitely reminds me of Tim Cook. I have a lot of trust in him and his skin in the game.
Nice article. I share the optimism overall, but much will depend on the level of shareholder support when the first inevitable rough patch hits Abel. Institutions with an “ESG” focus could ruin the culture quickly if allowed to. I hope the Class A shares remain in the hands of people who buy into the vision. Otherwise, Berkshire will slide to mediocrity over a long enough period of time. But not anytime soon. I’m more worried about 2050 than 2030.
Regarding Tim Cook, it’s probably not possible due to Berkshire’s ownership of Apple, but Cook would be a terrific addition to Berkshire’s board. No one knows succession issues better than Cook.
Great insights. Thanks!