Investors have worried about what will happen to Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) once Warren Buffett passes on.
While he certainly isn't getting any younger, Buffett has built an extremely successful company that should continue to sail long after he's left the helm. He's expressed a deep level of confidence in his successor, and has also indicated to the market that shares of Berkshire are crazy cheap today. Even after sharing this tidbit with investors, shares are trading only at a 9% premium to the effective price floor he's established.
While massive conglomerates like this can be difficult to price, with Berkshire Hathaway investors still can sleep soundly knowing they're getting a great investment.
Austin Smith owns shares of Berkshire Hathaway, Apple, and American International Group. The Motley Fool owns shares of Apple and American International Group and has the following options: long JAN 2014 $25.00 calls on American International Group. Motley Fool newsletter services recommend Apple, American International Group, Berkshire Hathaway, and Markel. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.