I think the conglomerate is durable. As its size has increased its results have trended downward, but according to him, that's natural when investing large sums

I think the conglomerate is durable. As its size has increased its results have trended downward, but according to him, that's natural when investing large sums. Should be the same issue for the next capital allocator. So long as he doesn't appoint a fool. His track record on managing human nature has been pretty good though.