Berkshire should acquire Markel and Tom Gaynor (although similar, but not as concentrated holding wise) could be a nice replacement for Buffett on the capital allocation side as well as furthering their insurance knowledge and dominance.
Since Greg is stepping into the CEO role now, it’s logical that he would backfill at least part of his former role overseeing non insurance operations. Berkshire’s operations are vast and good management at the group level will be important. I see this not as encroaching bureaucracy but as the obvious recognition that Greg (or any future CEO) will need help managing the conglomerate.
Berkshire should acquire Markel and Tom Gaynor (although similar, but not as concentrated holding wise) could be a nice replacement for Buffett on the capital allocation side as well as furthering their insurance knowledge and dominance.
Since Greg is stepping into the CEO role now, it’s logical that he would backfill at least part of his former role overseeing non insurance operations. Berkshire’s operations are vast and good management at the group level will be important. I see this not as encroaching bureaucracy but as the obvious recognition that Greg (or any future CEO) will need help managing the conglomerate.