Subject: Re: Today’s Kingswell WEB thoughts..
Buffett built a ship designed to sail through storms he will never see, captained by people he (eventually) will never know, but carrying a map he drew by hand. This is the start of his final challenge. And, for the first time, he will be watching from the shore.”
It’s a nice analogy, except for the fact that the boat that was once a 10m with a mainsail and a jib has been transformed into a nuclear-powered aircraft carrier. And where does the map say it should be sailed to, now? There are very few destinations that it can come to land at.