Much has been made of who will replace him once the octogenerian finally departs. In October, the company announced 39 year-old hedge fund manager Todd Combs would eventually replace Buffett as its chief investment officer. But certainly no one could replicate Buffett's investing success going forward, so Berkshire is doomed, right?
Not necessarily. Because Buffett likes to own entire companies, he has grown Berkshire into a diversified holding company of more than 50 businesses. Berkshire is so large that each additional acquisition has less and less impact on Berkshire's bottom line.
It is a Zacks No. Rank (Hold) stock.