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Could be. From the end of the letter: "Both the board and I believe we now have the right person to succeed me as CEO – a successor ready to assume the job the
by breck 12y ago
Could be. From the end of the letter:
"Both the board and I believe we now have the right person to succeed me as CEO – a successor ready to
assume the job the day after I die or step down."
- jebus989 12y agoHe talks about this in lots of annual letters. Reality is that Berkshire Hathaway undoubtedly has (a perception of) the lowest bus factor of any holdings group and Buffett has been priming for years to prevent shares tanking when he inevitably passes or steps down. Aside: to those who enjoyed reading this annual letter I recommend "The Essays of Warren Buffett" — an arranged collection of edited previous letters by theme (though they are all also freely available online).