No. of Recommendations: 2
I,and most people on this board share your sentiments that we want Berkshire conservatively managed moving forward.
That being said, there is so much money pouring into Berkshire that if it is not re-deployed, Berkshire will become dead money as an investment.
I'm betting that hindsight, and Abel's future accomplishments will show that Warren waited 15 years too long to hand over the reigns based on the simple physical and energy constraints of being NINETY FIVE years old, coupled with his own dis-interest in doing many of the unpleasant and unpalatable things needed to run an efficient and growing operation in 2026.
And let's not forget that while Warren was very precious about taking the bat off his shoulder to swing at pitches, those that he finally did swing at were not all home runs, specifically PCP, and Pilot.
Berkshire would have been far better off buying back shares or simply buying the S & P 500 Index.
Berkshire's real circle of competence has proven to be insurance, and the investment in publicly traded securities.
Abel is a proven deal maker as he illustrated in building Berkshire Energy.
I'm expecting a series of $10-15 Billion dollar deals that will gobble up much of the excess cash.
And if that elusive elephant does actually exist, I think it could be bagged relatively soon.
I'm looking for the stock to hit $2,000,000 a share in 5 years.
