Subject: Re: Post Buffet....
"Perhaps 1 percent of stockholders equity annually is more realistic in total?"

Or around $48 billion in current equity? If that happens, I think the Berkshire culture will be drastically different and perhaps, it would be time to bail from the company. As numerous insiders (including Charlie Munger, Sandy Gottesman, etc.) have indicated, Berkshire is likely to deliver better returns than the average American company only as long as the Berkshire culture remains intact.