From Businessinsider: Nobody wants to think about the death of Warren
Buffett. But prudent investors must
consider the deaths of key executives, especially when those managers are
integral to operations. And few
companies go hand-in-hand with a company quite like Warren Buffett and Berkshire
Hathaway.
In a new presentation addressing his investment in Berkshire
Hathaway, Whitney Tilson visits the dark topic.
While Buffett's unexpected death would be tragic and negative for the
stock, there is at least one risk to shares that Tilson believes could be even
worse.
A far greater risk to Berkshire shareholders is that Buffett
begins to lose it mentally and starts making bad investment decisions, but
doesn’t recognize it (or refuses to acknowledge it because he loves his work so
much) and the board won’t “take away the keys”, perhaps rationalizing that a
diminished Buffett is still better than anyone else….
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