Now, that's very much not the case say 5 and 10 years ago. And Buffett is acting more and more like an executive chairman who sort of oversees the strategic direction of the company. And increasingly, they are responsible for the businesses. Indeed, there are the big four there as you mentioned, Ted and Todd and Ajit and Greg. And it makes it easier for Buffett to remain the CEO, and in a way, I see it as he has- he's kind of figure-headed himself, right? Like he has made other people empowered, thus making it easier for him to remain in his seat really for as long as he would like.ĪNDY SERWER: I think that's an excellent point, Myles, and a great way to think about it. You have Ajit Jain, of course, running the insurance operations. And Greg Abel continues to run the utilities business, he runs the railroads. But the net result is that Ted and Todd, who are running part of the investment portfolio, have more sway over let's say, new Berkshire, how Berkshire gets reshaped on the margins. And we can have a conversation around why Berkshire hasn't really made transformative acquisitions since Precision Castparts, that is maybe related to this, maybe it's not related to this. And I think, Andy, the way that the company has evolved over the last several years makes it easier for Buffett to stay in that seat. And if you read between the lines, I think that he's probably going to be in that chair, the CEO of Berkshire Hathaway for probably another three or four years if his health does hold up. I mean, Buffett is 91 years old but he keeps on ticking and there is no indication as you said, that he is going to step down, ready to step down, wants to step down. Here's the thing though, to your point, when is that going to happen? Nobody knows. And you know, it's interesting because at the annual meeting this past spring, Charlie Munger made a little bit of an oops and indicated pretty strongly that Greg Abel is going to be the next CEO of Berkshire Hathaway.
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