beegdawg007

Berkshire Hathaway Presents a Rare Opportunity

Not to be morbid, but what happens when WEB dies? Look at what happened to AIG after Hank Greenberg left! My concern with BRK is that it is all about Buffet! If he passes away, BRK sells off big time... All insurance companies - Berkshire is an insurance company - make money by investing the float until that day when a claim needs to be paid. If the float can not be invested in a way that returns more than it costs, there are no profits. Buffet has been brilliant about managing the float so that returns hold up during all markets. But who will replace him and how many years will pass before we know if that person is anywhere as good as WEB?