I was at the BRK meeting last year and of course the question of succession arose. WB said he was looking for not one but several successors, each of whom might handle a chunk of investing. This company is a winner, long term, and I think in this environment trying to figure out the value of anything is, actually, the problem. I do agree that if the writer had any real expertise on company valuation, he would not be working as a Barron's journalist. And, in my mind, I will put my money where WB puts his money. If someone credible has a better suggestion, let me know.
Barron's Pans Berkshire [View article]
succession arose. WB said he was looking for not one but several
successors, each of whom might handle a chunk of investing. This
company is a winner, long term, and I think in this environment trying
to figure out the value of anything is, actually, the problem. I do
agree that if the writer had any real expertise on company valuation,
he would not be working as a Barron's journalist. And, in my mind, I
will put my money where WB puts his money. If someone credible has a
better suggestion, let me know.