No. of Recommendations: 10
Warren wouldn’t buy Costco.
Warren sold Wells Fargo but Charlie was happy to tolerate a little bad behaviour.
Warren reluctantly allowed the BYD purchase.
Charlie thought Warren tinkered too much around the edges on things that made little difference like the square negative yield bonds.
Charlie struck me as more of a deep roller and risk taker and Warren a little more prudent.
But probably 99% in agreement most of the time. An incredible double filter that sidestepped so much trouble and setbacks.
I have been thinking about this post since I read it a few days ago. I think that’s because I had a workplace compatriot at three different locations, and we were both better together than either one of us was by ourself. He would say the same thing, I know because he has.
So concern #1 is: Suppose Warren was better with Charlie than he will be by himself? I’m pretty sure that will actually be true.
Concern #2 is: There are probably a lot more companies which do not thrive once the legendary founder pass away or leave than those that do. Apple & Microsoft & Amazon are among those which have, but has anyone looked at Intel, Paramount, SONY, American Airlines, HP, not to state the obvious latter-day failures like Kodak, Sears, K-Mart, Yahoo, and so on. I know, I know, BRK is different. Yes it is! And it will have momentum, at least for a while, but will the magic of capital allocation, intuition, and patience continue under a new regime? No way to know, really.
Yes, I have ever confidence in Warren’s ability to choose his replacement. Then again, I thought Iger would do OK in that regard at Disney. And Schultz at Starbucks. And Welch, and …
Anyway, just wante to toss in my 2¢, now at 2.4¢ with inflation and all.
