"I intend to hire a younger man or woman with the potential to manage a very large portfolio, who we hope will succeed me as Berkshire's chief investment officer when the need for someone to do that arises," Buffett wrote in the letter.
http://www.marketwatch.com/news/sto...x?guid={FB9FB729-40CA-49CB-8D24-44877EEE1000}
http://www.marketwatch.com/news/sto...x?guid={FB9FB729-40CA-49CB-8D24-44877EEE1000}