Just read the 13 shareholder points Buffet issued in 1996 (or so):
"At my death, the Buffett family will not be involved in managing the business but, as very substantial shareholders, will help in picking and overseeing the managers who do. Just who those managers will be, of course, depends on the date of my death. But I can anticipate what the management structure will be: Essentially my job will be split into two parts. One executive will become CEO and responsible for operations. The responsibility for investments will be given to one or more executives. If the acquisition of new businesses is in prospect, these executives will cooperate in making the decisions needed, subject, of course, to board approval. We will continue to have an extraordinarily shareholder-minded board, one whose interests are solidly aligned with yours."
You're right! Cherry cokes are now his weakness, but at least his liver is fine (he never drinks alcohol); and he's practically on an Atkins Diet (he loves DQ hamburgers, especially when on sale, to quote him). This guy could easily be among the growing population of CENTENARIANS!
When Mr Buffett either steps down and retires permanently or passes on, some will sell and the share price will decline a bit, presenting us with another buying opportunity like the one we have now, and I believe that's exactly how Mr Buffett would view it himself.
Amen, brother. Words of true wisdom. BUY like crazy on the down cycle. Yes, Buffett will be smiling on you from his final resting place one day, because he would do the same thing: When you find value, commit and hold long; buy when others panic over his death. BRK is no longer just dependent on Buffett - it can and will survive him; Buffett was smart enough to see to that.