Doug Kass of Seabreeze Partners has apparently turned psychic and predicts that Warren Buffett will step down from Berkshire Hathaway in 2010. Mr. Kass demonstrates his lack of understanding of Berkshire by claiming that Mr. Buffett has now “completed his canvass and there’s really very little left for him to do.”
While Mr. Kass may have profitably shorted Berkshire Hathaway stock, he demonstrates a fundamental lack of understanding of Berkshire Hathaway and Warren Buffett in this interview. While no one can predict the future, from all of his prior statements, it seems highly unlikely that Mr. Buffett would choose to step down from Berkshire Hathaway in the near future barring health related issues.
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Disclosure: The author owns shares of Berkshire Hathaway.