Billionaire investor Warren Buffett has confirmed that the vice-chairman of his Berkshire Hathaway investment conglomerate,The 90-year-old’s succession plan was teased out of him – apparently by accident – by his longtime business partner, 97-year-old Charlie Munger, at the company’s annual meeting over the weekend. Buffett,“The directors are in agreement that if something were to happen to me tonight, it would be Greg who’d take over tomorrow morning,” he said.
This article should explain why Berkshire struggled to identify assets for its cash investments, and why it's returns have stalled: the market is over leveraged, over valued and heading for a big correction. Buffet has previously stated BRK offer greatest returns when markets low
That operative RDC . didn’t have to put an application in to get that job either ... did he !!!
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