"He's a very smart guy. He's built an incredible company. I think he'll — he's going to keep control of his company, that's for sure. So he will get to paint the painting he wants to paint. And I've always advised any entrepreneur to try and retain that ability and fortunately I've been able to do it at Berkshire."
Is that kind of control good for shareholders? "It usually is, but it's subject to abuse... But I think if you've got somebody like that to run the place, you really want him to run the place."
Here's the complete interview. Buffett also covers why he doesn't like Super Pacs, what's needed to get the U.S. economy going again, and why he doesn't think Berkshire's buyback plans haven't put a "ceiling" on the stock price.
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