Subject: Re: The Berkshire Problem
I predict that Buffett's successors will put share repurchases into an automatic program, like Apple and most US companies do. Set a target for cash to be used for repurchases, agnostic of IV, and implement. They may suspend it when they need to build up cash reserves after a major acquisition or catastrophe.

BRK investor profile will also gradually change as long-term estates liquidate A shares. Will they even get rid of A shares?