"Buffett’s skill is buying good assets but he’s not a good operator. Greg is. Greg is going to squeeze so much profit from these unique assets that stock is going to double in a few years, and Buffett might live to see it. He said himself, that the stock is going to go higher under Greg."

This is my view as well. I could not watch the Annual Meeting live, so I just saw the video. My takeaways:

1. WEB is a teacher, Greg is a coach.
2. WEB mentioned Steve Jobs as the visionary and brilliant creator of Apple enterprise v Tim Cook who took it to new heights with managerial excellence. That seems to be the playbook here.
3. Greg's highest priorities will be to manage reputation and risk company-wide.
4. Greg as CEO will focus on the operating companies, let others (Todd & Ted?) manage investments day to day, and will evaluate all significant opportunities to deploy capital.

I have no idea what the stock will do tomorrow or next week, but I'm quite happy owning it. My prediction is that it will continue to consistently outperform the indexes with less risk and volatility. We'll see.

Onward!

abromber

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