Captain: Buffet's demise will certainly have a negative impact to the stock at least in the short term. It happens to any company that loses its main person. In the long run things will deviate towards its value. If the investors have reason to believe that the new management will follow the same principles, it should still do well. Berkshire owns many homebuilding and furnishing companies. If we fall into a recession, they will take a hit too like any other company.

This seems like 97-98, when there was a mini-crash. The Fed came and started cutting interest rates and a tech bubble was created, I'm not sure if we will have the same reaction this time around. These sort of things happen every 5-10 years, helps to get rid of excesses.

The only thing I'll buy here is QID. I'll look to short any rallies here.