No. of Recommendations: 3
we have a large number of businesses, each with its own OH structure, operating independently. Because of Buffett's management style.......
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I'm not suggesting moving to the very centralized structure to the extent that XOM has. But BRK is far larger. There's lots of room in between for improvement.
These are the areas where Greg will have opportunities to more efficiently manage BRK.
This is exactly what would bring me to say partially goodbye. If what you suggest comes true, I would no longer trust Berkshire with 60+% of my net assets, would see it too much becoming a "normal" company, not the diversified fortress (actually several fortresses, independent from each other --- and that's the point here) any more for trusting it with most of my life's savings. My main interest for my investment in Berkshire is not optimizing returns but being 100% safe.
Greg..... What might prevent him from doing so? My fear is that it will be viewed as a clash with the "BRK culture" as viewed by family members specifically voted to the board to prevent such changes.
I very much hope it would be seen as such and prevented as long as possible. I even more hope that Abel himself does not want to go in this direction.
