No. of Recommendations: 4
This is all guesswork, but it would not shock me if Mr. Combs stayed at GEICO and Mr. Weschler hung around for a respectful interval and then found something more interesting to do.
That sounds pretty plausible. But I would take a "respectful interval" to include figures anywhere up to 10+ years.
There is a big flip side to your views: it is arguably the biggest and most visible challenge in portfolio management that you could ask for.
The big question to me is this: Mr Abel is very able, but the most important job of a CEO is arguably capital allocation. In the case of Berkshire's CEO, that includes allocation among dozens of types of assets and operations. Will he choose to allocate more capital to equities managed by T&T? Since the answer is likely largely dependent on future opportunities, nobody knows.
Jim
