I've read a few posts about this on Getquin, but because I'm really interested in the topic and would like to delve a little deeper, I'll share my thoughts here.
I've often asked myself this question, because I find Berkshire Hathaway ($BRK.B (+0.01%) ) as a company is mega exciting.
At the same time, for many investors, "everything" depends on Warren Buffett.
He is the face, the head and the heart of Berkshire.
But what happens if one day he is no longer there?
After all, Buffett is already over 90.
It's not a nice thought, but it's realistic and as an investor you should be prepared for such a scenario.
My thoughts on this:
🔁 The succession is settled:
Buffett has repeatedly emphasized that Greg Abel will succeed him in the operational area. Charlie Munger even described him as "exactly the right person".
Abel knows the company inside out, thinks long-term and pursues a similar style, but without Buffett's cult status.
🏛️ The foundations are in place:
Berkshire has long been a huge corporation with stable cash flows, strong holdings (Apple, Coca-Cola, American Express, etc.) and an extremely solid balance sheet.
Even without Buffett, the company will not suddenly fall into chaos.
📉 Investor confidence:
In the short term, the share price could definitely come under pressure after Buffett's death due to panic selling, headlines and uncertainty.
But I am convinced that in the long term, things will settle down again.
Anyone who invests in Berkshire is investing in a system and not just a person.
🤔 Value or cult?
The key question: how much of Berkshire's valuation is pure "Buffett bonus" - and how much is real substance?
In my opinion, there is some premium, but not to the extent that the whole house of cards would collapse.
💬 What do you guys think?
