1 Reason I'll Never Sell Berkshire Hathaway -- and It's Not Warren Buffett
Let's get this out of the way -- I'm a huge Warren Buffett fan. Some of the best investing lessons I've ever learned came from reading his annual letters, and there are hundreds of Buffett quotes that all investors should hear.
However, the chairman and CEO of Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) is not the primary reason I have the stock in my portfolio. Vice Chairman Charlie Munger isn't either -- although he's just as entertaining and informative to listen to. Think about it this way: While we certainly hope they stick around for a while, the fact that a company is being steered by any particular 89- or 96-year-olds isn't exactly the most durable investment thesis for it.
In fact, the reason I plan to own Berkshire Hathaway stock until my retirement (I'm 38) and beyond is precisely because Berkshire Hathaway will do just fine no matter who is at the helm. The company is built to generate market-beating returns for investors with little impact from its CEO.
Source Fool.com
