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mgfist 4 hours ago

> but to oversee their family's share in the enterprise

Not exactly, he's there to oversee the culture of Berkshire and ensure it's continuity. Buffett is donating all of his wealth (and has already donated $66B), so there isn't a fortune to protect.

Berkshire is an institution of sorts at this point, and requires strong stewardship to prevent enshittification (for lack of a better word).

almostarockstar 4 hours ago | parent | next [-]

Some better words just off the top of my head:

- to prevent institutional degradation.

- to avoid cultural shift for the worse.

- to keep hold of and nurture that culture.

donut 3 hours ago | parent | next [-]

Those phrases soften what happens too much.

idiotsecant 2 hours ago | parent | prev [-]

no, enshittification is accurate.

rayiner 4 hours ago | parent | prev [-]

And this is how you get constitutional monarchy.