Subject: Re: Wow Warren stepping down as CEO
I have no idea how or why he would say this? “I have no intention — zero — of selling one share of Berkshire Hathaway. I will give it away eventually,” Buffett said. “The decision to keep every share is an economic decision because I think the prospects of Berkshire will be better under Greg’s management than mine.”
I can think of a couple of reasons.
I think the "not selling" comment is just to emphasize to the less informed in the world's investment community that this is not a case of "I'm done, I'm out, ditching my stock tomorrow". It preempts one of the more idiotic potential causes for a price crash on Monday. And for those in the know, a reminder that his plan remains in place to sell none and leave it all to charity in a way that liquidation is gradual--nothing unexpected is happening.
The "decision to keep every share" being economically sensible emphasizes that "not selling" notion, while expressing confidence in the future value growth. And, if one squints, a reminder that he's not dead yet.
Jim