Regarding Warren's last sentence.....
All of us on this board have had it drummed into our head by Warren and Charlie that the law of large numbers precludes outsized performance by companies with Mega -Capitalization.
That our expectations for potential future annual growth at Berkshire should be tempered down to single digits.
Recent history and stock performance has proven this to be incorrect.
The shares of Apple, Google, Nvidia, Amazon, GE, Eli Lilly and many. many others have increased in valuation by over hundreds of percent in very short periods of time.
Growth at this size had never been seen like this before.
But here we are.
One can argue that this is quotational value and not intrinsic value, and sure this is true.
But these companies HAVE multiplied revenues and profits, and stockholders of these companies are not complaining about the outsized growth in share valuation.
I believe Berkshire is a coiled spring about to experience exponential growth of it's own.
Charlie always said it's best to destroy some of your own closely held beliefs.
Hopefully Greg Abel will prove that Berkshire is a powder keg of potential ready to explode upward after it's vast resources are properly deployed and current operations are optimized for profit and not just the lifestyle of the two men in their nineties that had no interest or capacity at their age to do the real dirty work necessary to run one of the largest companies in the world.
I'm looking for $2,000,000 per A share in the next 5 years as Greg Makes Berkshire Compound Again!