Well, if you hold the acquisitions forever that would make you a conglomerate, and we know that story doesn't have a happy ending. By my (limited) understanding, the conglomerates of the 70's were a reaction to antitrust law blocking more rational vertical integration and possibly pre-microcomputer economies of scale in inventory management/ERP, while the 2000's version was driven by cheap interest rates. Speaking as a former employee of Dennis Kozlowski's Tyco, I have to wonder how you intend to handle, um, dis-economies of scale. How does Berkshire-Hathaway manage it? Do you intend to stay small? Split into 7 companies like Tyco did? Re-package companies and re-sell them Jack Welch style? (Was an employee of that too...it kinda worked, but his rank-and-yank employee review process is unadulterated evil.) Never, ever, I mean never, like ever, build a headquarters in NYC?