The Munger is also 92 years old. Warren

The wizard of Omaha, philanthropist and a classic
representation of the word ‘investor’ does not need much introduction. Warren
Buffet who is the CEO of Berkshire Hathaway has numerous accomplishments under
his belt. He is worth more than 87 Billion according to estimates by Bloomberg
and Forbes. He has been a visionary in capturing businesses which are
undervalued and turning them into gold mines. Though criticized for his lack of
initiatives towards investing in tech firms, his vast knowledge in other fields
such as railways, insurance to name a few, and continuous perseverance made him
the man he is today. Partnerships were his initial way of raising funds. He
used the money to buy undervalued stocks and later sold them at a premium.
similarly, he bought the stock of Berkshire Hathaway a textile industry at that
time. He gradually regained control of the company and made it a conglomerate
which has investments in diverse businesses.

The primary objective of Berkshire Hathaway is to invest in
companies which paid good dividends, such as Coca-cola, IBM, and American
Express. The company is registered on the NYSE, it trades in both class A and
Class B shares. The class A stocks increased almost 4410% (Current value is
3,20,238 USD) since its listing. On a contradictory note to their investment
strategies, Berkshire Hataway does not pay dividends to their shareholders.
Warren Buffet currently owns 36.8% of the Berkshire Hathaway company.

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The Board of Directors at Hathaway is starting to show its
age. The Oracle of Omaha is 87 years old. The vice chairman of Berkshire
Hathaway, Charlie Munger is also 92 years old. Warren cannot run the company
forever and the board of directors of Hathaway has retirement plans in order as
well. Berkshire Hataway has always considered of planning a successor after
Warren Buffet but as long as Buffet stays healthy he is the boss.

The thought of Buffet not being the CEO of Berkshire
Hathaway is discouraging. The charming man has his own way of doing business
and that too successful business. Investors put their money in some stocks just
because Buffet said that the industry has a better growth in the future. Mr.
Buffet is a Public figure and his powerful influence is spread all over the

In the annual letter of Berkshire Hathaway 2015, Buffet
mentioned that they now have the right person to succeed him as CEO. The
various options that they have are Greg Abel, CEO of Berkshire Hathaway Energy
Company, and Ajit Jain, executive vice president of Berkshire Hathaway’s
National Indemnity Company insurance subsidiary.