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The implications were clear: the trio suggested that Buffett should step down from his active role at Berkshire Hathaway to ease shareholder concerns, indicating they would resign if he did not comply. This ultimatum placed Buffett at a crossroads; how would he—known for his gut-driven decision-making—react to such a dramatic proposal?
Gut Feeling vs. Statistical Models
Participants in the discussion speculated that Buffett would likely reject their suggestions. Known for his aversion to basing decisions solely on data, Buffett would most likely choose to follow his instincts. The sentiment here was that actuaries might be focused on the numbers, but Buffett often relies on experience and intuition that he has honed over decades in the business.