Post #114 by mungofitch on the US Policy board

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should one not avoid, or put into the "too hard" pile, those organizations that might not survive a destabilizing leader?
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Berkshire is at an all time high and continues to surge higher. It's not the price action one would expect for an organization that might not survive a destabilizing leader.

To clarify, personally I was thinking of the US government (and by extension everything dependent on its functioning), not Berkshire. The entire US economy is now in the "too hard" pile for me. (as always, often a euphemism for too unpredictable or too risky or beyond the pale)

I don't anticipate a destabilizing leader at Berkshire, and if it did happen I share your thought that it's unlikely to be fatal. A big healthy fish can survive an embedded fish hook, but not the disappearance of the water.

Jim

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