So i love warren buffet, and read and own a copy of pretty much every book he has written. at 94 he has created a legacy that makes any investor envious. I only own berkshire indirectly though index funds, don't own directly because I don't see the sucession plan. Who will continue his legacy? 

With the recent passing of charlie, i have concerns about the future of $Berkshire Hathaway(BRK.B)$. is warren planning to sell up everything and cash out the business and distribute the capital to shareholders? I think thats a possibility. Im not sure how American tax laws work, but i know the capital gains tax he would have to pay if selling his shares would be insane. Would it be more advantageous if warrens estate just received a massive dividend and paid less tax? Someone way more knowledgeable please answer this, its way above my pay grade.

Is the sell off based instead on the current political environment in the states? Thats seems to be what alot of market commentators are pointing to. If thats the reality, we as retail investors should also be selling everything now. Last week was one of the worst weeks for my portfolio since the market crash of 1987. Yeh i was there lol. 

But the market could easily bounce back next week. Or worse, dead cat bounce like it did in 1987. I don't have a time machine so i can't provide that answer. and because I don't invest in Berkshire directly, therefore a lack of DD. mr buffet selling and basically saying "im done, so lets all walk away rich" well thats pure speculation. But I think that conclusion is worth considering. 

I would really appreciate your thoughts on my speculation. I really don't think the market is going to crash next week. And I don't believe Berkshire selling is because of that, but what do i know. Im just bringing an emotional lens to the debate. Maybe the great Buffet isn't involved much now, at 94, he mite have other priorities. Maybe there is a clear succession plan, and the new guard is just cleaning house prior to launching a new set of strategic initiatives. Time will tell.

Ben graham, David Dodds, and warren buffet have all greatly influenced my investment thesis for decades. The grandfather, the father, and the son of value investment. The latter, undoubtedly looking at not just balance sheet value but also intrinsic value and future value. 

Im only 54, but at 94, personally i would be handing on the torch to the new generation, or extinguishing the torch if the new generation is rubbish. So in conclusion, the sky isn't about to fall. The sell off by Berkshire is a close of an amazing chapter and the opening a new chapter yet to be written.

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