Berkshire's Disintermediation: Warren Buffett's New Managerial Model by Lawrence Cunningham from Guy Spier
Well spotted & shared, many thanks Guy!
This Berkshire kingdom status quo will persists until there is a true alternative that promote long term profitable (not profiteering) firms that can truly bridge B2B & B2C client's trust. this can only be arrived when there is a better way to be rated, audited and listed,
The Sage of Omaha use of insurance float & deferred tax for cross financing is legendary but many family offices/Asian dynasties also adopt variations of the strategies mentioned.
Key difference is Warren's Berkshire shares are traded and not most of the Asian dynasties' holdings.
It would hopefully be many more years to come that Warren & Charlie will be our world's Sage (fingers crossed), question is, why is there not many other that 'truly emulate' them?