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Buffett says Berkshire Hathaway (BRK.B) will "be the same" once he is gone and claims that he...

Buffett says Berkshire Hathaway (BRK.B) will "be the same" once he is gone and claims that he and the board are "solidly in agreement" on who will be his successor. Buffett says Doug Kass still hasn't convinced him to sell his shares and notes his successor may in fact "have more brains, more energy, and more passion" than himself. Most importantly Buffett notes, any new CEO will preserve the company's deep-seated corporate culture.
Comments (3)
  • CraigPowell
    , contributor
    Comments (120) | Send Message
     
    Warren Buffett is with the tide:
    “American business will do fine over time,” Buffett writes.
    “And stocks will do well just as certainly, since their fate is tied to business performance. Periodic setbacks will occur, yes, but investors and managers are in a game that is heavily stacked in their favor.”
    It is in a good agreement with this U.S. economic review:
    http://tinyurl.com/cg4...
    5 May 2013, 06:10 AM Reply Like
  • Eddie B
    , contributor
    Comments (20) | Send Message
     
    "Most importantly Buffett notes, any new CEO will preserve the company's deep-seated corporate culture." This is scary, isn't that what Walsh said when he turned GE over to Immelt the stock went from the low $50's a share to todays low $20's progress evidently is not their middle name. Although Executive pay has increased dramaticly, the stock performance has been an inverse ratio... GE's Board, apparently is owned lock stock and barrel by Immelt. Walsh handed him the Apple of the industrialized world and in a few short years, Immelt was able to turned it into a Lemon for everyone except himself...
    5 May 2013, 08:16 AM Reply Like
  • The Geoffster
    , contributor
    Comments (4056) | Send Message
     
    Anyone observing the incessant monetary easing, deficit spending and workforce participation rate will have to wait a long time for the economy to meaningfully improve. Add Obamacare, illegal immigration, welfare, food stamp and disability roles to that mix and you have a disaster in the making. Meanwhile, the underclasses are reproducing at alarming rates and following their role models into lives of crime. In most central cites the public schools are little more than holding cells for unruly children and paychecks for union teachers who couldn't pass a test on the subjects they teach. Is it any wonder why there is such a wealth disparity? Incentives have been stood on their head.
    5 May 2013, 02:25 PM Reply Like
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