Subject: Re: Buffet Thanksgiving Letter
"There will be a lot of teeth-gnashing that Abel is not Buffett, but he'll do a brillant job too."

I'm optimistic that Greg will do a good job, but nowhere near as good as Buffett. Losing Buffett is like losing Andy Grove or David Packard, and we saw what happened to Intel and HP. A big test of how good Greg is will be his first major acquisition. Give someone $330 Billion in cash and T-Bills and he/she will spend it. The corporate record on acquisitions, even some of Buffett's, is poor.