Warren Buffett, Charlie Munger, and Berkshire Hathaway: A look at the stock and succession plans

For decades, succession plans have been a big question for Berkshire Hathaway (BRK-A, BRK-B) investors, especially given the high bar set by Warren Buffett. The death of the company's vice chairman, Charlie Munger, has again brought some of those concerns to the forefront. Who will take over? How will the company fare after years of Buffett's leadership? However, as Morningstar Senior Stock Analyst Greggory Warren explains to Yahoo Finance Live, Buffett has made changes at the company that could make the transition easier for whomever takes his place.
Warren expounds on the current structure of Berkshire Hathaway: "The fact that there are so few people at corporate and that Buffett's day-to-day duties have really just involved looking at potential capital allocation decisions, he spends far more time reading through Ks and Qs than he does sort of worrying about how one plant is running or another operation is running. He's left that down to the managers down the line, and that's kind of the beauty of the business model right now. It's sort of self-running and there's not a whole lot that the corporate is going to need to do going forward even without Buffet at the helm."
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
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[@Curbalnk]

As the late Charlie Munger of Berkshire used to say, “never sell.” In doing so you avoid the cyclical issue of downturns in the market. Buffett is also selling! I'm still sadly uncertain about selling off positions on my $200k portfolio or if to buy more brk.a and b on the dip

[@greekbarrios]

Don't sell; avoiding trying to time the market and incurring unnecessary taxes. Stay grounded and focus on the long term!

[@kansasmile]

If you don't already know, acquiring assets with proper mkt direction overtime will provide more returns than doing it all at once, Thankfully, I can attest to the success of this approach aided by professional guidance seeing my portfolio of $330k grow by 25% this year alone... maybe you should do the same.

[@blaquopaque]

@ashtonkutcher Hey there, my portfolio has been underperforming recently, and I'm considering a strategy change with the help of an advisėr. Is it possible to get in touch with your advisr?

[@kansasmile]

Yes inedeed, i have ''Monica Selena Park'' and she deserves credit as one of the finest financial planners who decides what assets i acquire whilst skillfully diversifying my portfolio. Her reputation precedes her, and I highly recommend her on a public post, you can look her up to locate her online if you are internet-savvy

[@JP1234815]

Warren summed up long term investing when he used the growth of the S&P since 1942 at one of Berkshire's Annual meetings. When the market goes down this means that investors can buy more shares with the dividends received. Compounding actually works harder when there are 'dips' or falls in the market. Warren and Charlie learnt that preinciple early in their lives

[@silverchairsg]

The true test will come after Buffet kicks the bucket and Greg takes over. Then we'll see if the institutional culture and philosophies that they have built can last without the founders. As Buffet said, never underestimate the power of organizational inertia/organizational logic.

[@davidmercado2329]

Warren Buffet and Charlie have built Berkshire so it can be run by a ham sandwich 🥪

[@brendansmith7842]

I heard the same about apple after jobs, 2012 would've still been a great time to buy it.

[@user-bt9cm7ze4c]

Ya that's true but i dunno going forward. All they've done is follow thru on all of Jobs' ideas. Nothing new really now. I think that head set thing is a waste of money as was the Apple car idea.

[@catherinerosa-baker2937]

I want to hear more about their thoughts on the future of Berkshire I don't want to hear about their trades. I'm hearing that is a conglomerate it runs on its own Greg Abel and somebody else will be just managers Charlie Munger said he wishes he did more leverage I don't agree but that's what he said they make a lot more money that way so maybe Greg gave a will I don't know I don't like the performance now I hope it goes up I'd like this guest said people are still going to be using the products they have in their portfolio.

[@rockystaatz521]

When was the last time you actually saw a true Dairy Queen? Or just an ice cream place? But then it’s so big that it’ll just become

[@mikepiper6077]

I eat at one in Cortex Colorado. But seems lots of DQ s have closed .

[@catherinerosa-baker2937]

Oh, right, the Dairy Queen here closed down years ago

[@headfirst6227]

A Geico plug? Really??

[@klobasa007007]

I am pretty sure the "new generation" at Berkshire Hathaway is gonna gamble the company away once those two are gone.

[@JP1234815]

A lot of 'the new generation' who will takeover the company have been at the company a while now - Ajit Jain since 1986, Greg Abel for over 20 years and Tedd and Todd for over 10. A lot of their personal wealth is in Berkshire Hathaway - so I really don't see it in their interests to 'gamble the company away'. Ajit Jain has actually grown the Insurance side of the business with being quite risk averse. The one thing I can foresee is that the stock portfolio will move away from 'Value' stocks to more growth orientated' ones. That's not particularly new as Berkshire started buying into technology companies on the arrival of Tedd and Todd anyway.

[@TonyWTFscream]

It’s better to say you have no idea what you’re talking about. Would save people the time

[@catherinerosa-baker2937]

That's true, everything you said. I heard them say that. Thank you for reminding me.