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Re: fung_derf post# 803

Tuesday, 09/13/2022 11:13:48 AM

Tuesday, September 13, 2022 11:13:48 AM

Post# of 1125
There has never been any form of split in the B shares. They have always been tied to 1/1500th of an A share. As for when Warren passes, the company should not skip a beat. There has been a lot of work and thought put into the succession plan. Greg Abel is quite ready to assume the CEO role, and Howard Buffett will become Chair. Howard is very accomplished in his own right and was very successful in going off and doing his own thing and succeeding on his own.

Most importantly, a number of years back now, Warren brought in 2 of the greatest investment managers and minds in the business, Ted Weschler and Todd Combs, and began to slowly turn over more and more of the investment decisions to the 2 of them They both love Omaha and have became very comfortable and successful in their roles working with Warren, etc, and the two of them will take over the remainder of the investment functions, i.e. all of the investment function when Warren is gone. I specifically recall thinking what a master stroke it was when Warren brought Ted and Todd in. It was brilliant. If BRK's share price falls considerably when Warren Buffett dies, it will be an incredible buying opportunity for astute investors, and you should fire away on building a large position. I know I will be adding to my current positions if that happens.
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