Best as we know, he hasn't made material stock investments nor has he ever been engaged in taking over a large company.
Other than the accident of birth, how is he the most qualified person to take this role? Why should someone who has spent so little time with the company's managers suddenly become eligible for the position?
A: The response to this question, I felt, was the weakest of the six responses. Warren said that Howard would be the guardian of Berkshire's culture. "If a chief executive doesn't work out, having a chairman who cares deeply about the company's culture will make fixing the problem much easier."
Below is a list of the six unasked questions. (Again, I have marked with an asterisk the six primary questions that I had planned to ask. Three of my top six questions were previously asked, so I used three of the alternate questions.) 1. Is Berkshire too big to outperform?* 2. Are some of Berkshire's bank moats damaged or disappearing?* 3. Is the stock market overvalued by your metrics?* 4. Missed deals? 5. Regrets? 6. Is your optimism justified?