If they have any sense they won't put their money in Berkshire. Buffett needs to hang it up. He insists on hanging onto large positions of old worn out stocks like WMT and KO. Those companies are past their prime and in decline. Just look at the performance of Berkshire since the market lows of March 9, 2009. Bershire is even trailing the DOW in that period and the S&P 500 and Nasdaq are blowing Berkshire away. Berkshire is not a good investment anymore and the only thing saving Buffett right now is his reputation from the past. He's over the hill. Just look at that railroad buy. What the hell was that? Coal is a dying business and it meant a big part of business to the rails. Buffett seems insistent to hold onto the dinosaurs of the past and its hurting Berkshire and going to hurt even more in the future. I have a lot of respect for what Buffett did in the past but in the past five years or so, a monkey throwing darts could have made decisions as good as he's made. Time to hang it up Warren. Take up golf or something and spend the rest of your life playing and living like a king off your fortune. Heck, you can even build a private first class golf course anywhere you might want to travel to. You have the money to do whatever you want. Just know when to quit. Its like the 45 year old baseball player who refuses to quit and is just making a fool out of what is just a shell of what he used to be.
I love it. Every period of outperformance starts with a post like this. Buffett's lost it!
The thing is there's no "it" to lose. "It" is what Buffett doesn't do. When "it" takes over, then it's time for Buffett to tee it up....or position for the inevitable time that "it" isn't working any more.
On the other hand, it's very likely that for a contribution of a half million or so, WB would let you kiss his rump.
"a monkey throwing darts could have made decisions as good as he's made." That was proven about any "expert" over 40 years ago.
For a contribtuion of a few bananas, that monkey would throw stuff at you.