Warren Buffett：Berkshire 2006 Letter, Excerpt 2

Charlie and I measure Berkshire’s progress and evaluate its intrinsic value in a number of ways. No single criterion is effective in doing these jobs, and even an avalanche of statistics will not capture some factors that are important. For example, it’s essential that we have managers much younger than I available to succeed me. Berkshire has never been in better shape in this regard – but I can’t prove it to you with numbers.

Source： https://www.berkshirehathaway.com/letters/2006ltr.pdf
Locator：2006 Chairman's Letter, excerpt 2 · Verified：2026-10-19 · Verification：Short excerpt

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