As Mr Buffett once noted, by far the most important job of a boss is capital allocation.

If Buffett thought he had a better choice, why wouldn't he have done so?

I'am getting a bit tired of beating up on Greg. He has inherited a much more challenging situation than Buffett faced through most of his time, with far less tailwinds. He didn't create it, Buffett did. Buffett missed several opportunities to deploy capital because of caution, excess caution in retrospect.

The whole Buffett process depends upon generating capital to deploy. Buffett did a good job of the former. He hasn't done a good job of the latter in many years, putting all his chips on his belief that the market will ultimately offer the opportunity to do so at cheap prices. And passing opportunities in the interim. High level of "don't lose money." That's what we signed up for, don't complain.

I don't think Greg is changing the basic strategy. I do think he's not going overboard, just being more balanced maybe than Buffett in terms of price versus value.

It's too early to tell which.

You can't turn around basically slow growth, not aggressively managed businesses, because of their basic businesses activities. Greg didn't choose them, Buffett did. I think Greg is doing a good job in trying to correct what Buffett didn't.