I have definite opinions on this. For me, I'm 45%+ in Berkshire, 70% of which is in IRA's. I have begun selling 1% of IRA positions per quarter.

Right now, speaking for myself, I give any underperformance/mistakes a huge pass because Warren is there. I've liked what I have seen so far from Abel, albeit it is very minimal, except for his performance at the Utility.

GEICO has not been doing well versus Progressive for years- Todd has been there for a while. Running a business is hard, I get it. I give a pass to this.

I also gave a pass to KHC/IBM/COP...I just say, 'mistakes happen' - and they do, easy to forgive when the GOAT is running things.

I just know my own psychology and when, not if, a misstep happens after Warren, it will be very noisy out there, and likely why he has his wife going into the SPX. He doesn't want her to be possibly persuaded to sell.

Even by selling 1% a quarter, I'm not denting it that much, but it is a start. I'd like to get the whole position to a max of 25-30%.

I think many people, appropriately, give a ton of rope to Warren, he's earned it. Have to ask oneself, how would you react when the next CEO makes a mistake..