No. of Recommendations: 5
I believe that the future will present some good opportunities for investors and BRK management to acquire BRK shares at fair/attractive levels based on then current earnings/book value/intrinsic value.
In the past, Warren and Charlie at the helm provided a "safety net" to investors.
Their remarkable 60 year record earned the confidence of investors that any setbacks, minor or major were only temporary, as they proved to be.
Abel has not yet earned that confidence, and is in fact 5-10 years away from earning that confidence.
Any setbacks will immediately throw doubt on his ability, sending shares significantly lower, similar to the price action of most other companies.
If you believe that Warren and Charlie built BRK to last, and that they are capable of accomplishing that goal, I believe there will be significant and relatively frequent buying opportunities in the years ahead.
The downward price action since May, on absolutely no negative financial results, I believe is just a little taste of what's to come.
What will happen if BRK has a couple bad quarters? What if they have a bad 18-24 months?
It will be interesting to see how things play out!
