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Re: fung_derf post# 368

Tuesday, 12/19/2017 12:02:40 PM

Tuesday, December 19, 2017 12:02:40 PM

Post# of 1149
Do a little DD on this fung. BRK's Board and Warren have spent years planning for his eventual death, including having a short list at all times of internal CEO's who run BRK subsidiaries who would become operational CEO. A very recent article mentioned Ajit Jain (runs BRK's reinsurance businesses) and Greg Abel (CEO of the large utilities and regulated companies division) as the likely candidates, with Abel having the edge due to his age.

As for the investing side of BRK, more and more of the investment decisions are being taken over by Ted Weschler and Todd Combs, who were each hand picked by Warren Buffet to begin taking over the investment functions. Each of these highly touted money managers followed similar Buffett strategies and teachings prior to being brought on board with Berkshire Hathaway and moving to Omaha as full time executives and investment managers with BRK.

Seasoned observers and followers of BRK actually believe that the company will not skip a beat if something happens to Buffett, and if it does drop back there will be a rush of savvy investors soaking up any reduced price shares. I know I will add to my already significant positions if there is such a drop.
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