Subject: Re: BRK's value post Buffett
“Given the weak competition in this regard, and Berkshire's very deeply seated tradition of rational capital allocation (and even acknowledging that it's a thing!), there can be a pretty decent advantage for a long time post Buffett.”

Agree. When I think of our culture I think of integrity, honesty, patience, discipline, Rule #1, understanding risk, flexibility, wise allocation and seeing the world as it truly is. I also anticipate large buybacks in time as the cash pile keeps growing, even at less if a discount to IV. I’d be shocked to see any groves spun off. Greg & the Board will not disrupt what has worked so well for 60 years imo, but his allocation role will be Much more challenging given our size.