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QuestionerI'd like to know if you have a plan, a succession plan, to be executed in the event, God forbid, something happens to one or both of you, which would remove your input to the strategic decisions.
WarrenWe do have some plans. We don't name names or anything of the sort. It's not quite as tough as you might think, because we have a collection of fabulous businesses. Some of them owned totally, some of them owned in part. I don't think Razor Blade sales or Coca-Cola sales are going to fall off dramatically the day, Charlie, or I die. We've got some great businesses, and same true of the wholly owned businesses. So the question is more that of allocating capital in the future, and, you know, that's a problem for Charlie and me right now, simply because of the size. It's not easy to find things to do that make sense with lots of money. money. And sometimes a year will go by and we don't find anything. And other times a year goes by and we think we found something, but it turns out we were wrong. So it's not easy. But we think we will have some very smart people working on that. And we don't think it will be the end of the world if they don't find anything the first year because the businesses will run very well. We have a big advantage in that it's contrasted to virtually almost every other company. And in the future, are willing, eager to buy parts of wonderful businesses or all of them. I mean, most management have a, most investors are limited to buying parts of businesses, and most managers psychologically are geared to owning all of something that they can run themselves. We, you know, it's like I think Woody Allen said some years ago, it's the advantage of being bisexual is that it doubles your chances of a date on Saturday night. But we can go either direction in that respect. Our successors will also. So Charlie, you want anything?
CharlieI think few business operations have ever been constructed to require so little continuing intelligence and corporate headquarters. An idiot who was willing just to sit here would have a very good record long after the president incumbents were dead. I think that's true.
WarrenYeah. I think it would be a little better if Warren would keep alive in terms of allocating the new capital. I don't think will easily replace Warren. But, you know, we don't have to keep getting rich at the same rate we have in the past.