The 5% Berkshire share may be a good strategy for today. But will Berkshire still be good in 20 years? I doubt Buffett will be alive by then. Will it continue to be a juggernaut? I don't know, I'm asking. But I do know that things change. Once upon a time I was told to buy Bethlehem Steel. I don't think they exist anymore. IBM and XEROX were sure things when I was a teenager. The "sure thing" companies of today hadn't even been formed yet.** Pan Am was so big they were thought to be the likely candidate for a space plane (2001), and now they're gone.

Disclaimer: I don't follow BRK, but the assumption that they will still be the juggernaut of the past -especially after Buffett leaves- seems a risky assumption to me.



**OK...MSFT was founded in 1975, so I wasn't quite a teenager yet. But they far outpace IBM and XEROX from 1986 (the furthest I could go back) to today. Not even close. Several other companies I could name were formed after 1980.