Warren Buffett On Succession Planning & Investments ~ market folly

Wednesday, March 3, 2010

Warren Buffett On Succession Planning & Investments

Below is an interesting clip from Warren Buffett's recent television tour where he talked about all things Berkshire Hathaway (BRK.A / BRK.B). He is questioned on possible succession plans and the names of Ajit Jain and David Sokol are both tossed around. Additionally, the interview encompasses talk of some of his investments. As always, worth listening to what the Oracle of Omaha has to say. And if you haven't checked out the list yet, make sure to pick up some of the books on Warren Buffett's recommended reading list.

One thing we did want to highlight though that has seemingly slipped through the cracks is the fact that Buffett had raised his stake in the supermarket Tesco. What's interesting is that in Buffett's annual letter he noted he had increased the position to 3%. Typically an investment of that threshold would have triggered a regulatory filing in the UK but we couldn't find one over there. So, we assume here that Buffett's stake is actually at 2.99% or so.... technicalities. Buffett first bought Tesco in 2006 as the supermarket had plans to enter the US market.

Below is the video of Buffett's discussion on succession plans and some of his investments:

As always, we've been covering his movements in-depth and you can view Warren Buffett's portfolio as well as Berkshire Hathaway's annual letter. Many are concerned about succession plans at Berkshire, but they are keeping them close to the vest. In the past we've posted an excellent video that examines potential Berkshire successors and we recommend checking it out.

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