No. of Recommendations: 10
"... suggest reevaluating your over concentration in Berkshire. Warren is good but have you seriously considered successorship issues?'
I had essentially the same response ("but isn't Buffett, like, really old?") with one of my senior colleagues once, when somehow it came up that my self-directed 401(K) was mostly Berkshire. My colleague's money was handled by a golfing/Rotary buddy of his, who was a broker for Fidelity or similar.
I gave a softball answer along the lines of Well, I think he's probably got a few more years in him, and changed the subject.
This was in around 2000-2001, when BRK.A was around $60-65K iirc.
--sutton
still has that A share
