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Emmet

๐Ÿ‘ค Speaker
1108 total appearances

Appearances Over Time

Podcast Appearances

Stock Club
#309: 2 Legacy Stocks for Long-term Investing

And he came up through utilities.

Stock Club
#309: 2 Legacy Stocks for Long-term Investing

And these are really the most operationally complex businesses that Berkshire owns, where like missing a maintenance window or messing up some regulatory rate case can cost billions of dollars.

Stock Club
#309: 2 Legacy Stocks for Long-term Investing

So he was trained and grew up in a world where deadlines and targets were something you obsessed upon.

Stock Club
#309: 2 Legacy Stocks for Long-term Investing

So it's very interesting.

Stock Club
#309: 2 Legacy Stocks for Long-term Investing

But the expectation among long time Berkshire watchers is that Abel will keep the decentralized culture.

Stock Club
#309: 2 Legacy Stocks for Long-term Investing

I would suspect to try and bring it into the center would break what's wonderful about Berkshire.

Stock Club
#309: 2 Legacy Stocks for Long-term Investing

What a brilliant.

Stock Club
#309: 2 Legacy Stocks for Long-term Investing

Oh, what a great way to spend your day.

Stock Club
#309: 2 Legacy Stocks for Long-term Investing

Lucky.

Stock Club
#309: 2 Legacy Stocks for Long-term Investing

I know.

Stock Club
#309: 2 Legacy Stocks for Long-term Investing

I think that's a point very, very well made, Mike, because it brings me back to when Tim Cook was appointed.

Stock Club
#309: 2 Legacy Stocks for Long-term Investing

We all knew Steve Jobs was the man.

Stock Club
#309: 2 Legacy Stocks for Long-term Investing

And how could this guy fill such big shoes?

Stock Club
#309: 2 Legacy Stocks for Long-term Investing

But sure enough, he did.

Stock Club
#309: 2 Legacy Stocks for Long-term Investing

And he managed to...

Stock Club
#309: 2 Legacy Stocks for Long-term Investing

I don't have to word reignite is it's probably the wrong word, but continue to fire charge growth in a business that looks like fire charge growth was less likely and even harder.

Stock Club
#309: 2 Legacy Stocks for Long-term Investing

But Tim Cook did what at the time I thought I wouldn't quite say impossible, but he managed to bring that thing to new places.

Stock Club
#309: 2 Legacy Stocks for Long-term Investing

And I'm sure I have suspicion anyway, that Abel will do this, do the same.

Stock Club
#309: 2 Legacy Stocks for Long-term Investing

And you're absolutely right.

Stock Club
#309: 2 Legacy Stocks for Long-term Investing

I think he's going to, uh,