Warren Buffett, one of the most successful investors of all time, is still going strong at 93 years old. However, he is not unaware of his eventual mortality, saying “I feel good but fully realize I am playing in extra innings.”
Like any good CEO, he’s been thinking about his succession planning. Greg Abel, who runs Berkshire Hathaway‘s (NYSE:BRK) non-insurance business operations, is set to succeed Buffett as CEO when Buffett passes.
While some investors in Berkshire fear that the stock will sell off on that day, Buffett has a contrarian view.
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Buffett said that when he dies, he thinks “the stock would go up tomorrow.”
Chris Davis, a Berkshire board member and investment manager, explains that a price increase would be because of an attempted…
