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Strategies & Market Trends : Buffettology -- Ignore unavailable to you. Want to Upgrade?


To: Jurgis Bekepuris who wrote (4474)3/2/2015 8:15:09 PM
From: Spekulatius  Respond to of 4691
 
I disagree. I think you underestimate Buffett's contribution to the company. IMHO, about in 10 years after his death BRK will be a bumbling bureaucratic conglomerate at best.
I guess that is possible. WEB has formed BRK after his mold and had 50 years while he and BRK grew into what they are now. I suspect that rather than business processes, he has formed a web of connections with people he knows and trust . That and the knowledge about he business that he has gained over many years allows him to run BRK with the small bureaucracy and a staff of only few people.
A new Chief will not that intimate knowledge and will not know that many people he can trust. He will to put people and processes in place in order to run this huge organization. So I think some changes are inevitable, but I think there is a good chance that the ghist and lean structure may survive, if they got the right leader. I am sure that WEB has spent a great amount of time on succession planning, so hopeful he will get this right.