Buffett Diagnosed With Cancer: "Not Remotely Life Threatening"

Warren Buffett, the legendary investor and chairman and CEO of Berkshire Hathaway (NYSE: BRK-A  ) (NYSE: BRK-B  ) , announced this afternoon that he has stage 1 prostate cancer. (Read Buffett's letter here). Buffett, 81, describes his condition as "not remotely life threatening or even debilitating in any meaningful way." Buffett's doctors discovered signs of the condition during a routine checkup; they have decided on a 60-day treatment program of daily radiation.

Buffett says the treatments, which will begin in mid-July, will restrict his travel but won't otherwise affect his daily routine. Presumably, this means that Buffett still intends to participate in Berkshire's upcoming annual meeting, which is attended by tens of thousands and widely lauded as "Woodstock for Capitalists." The jarring news sent shares of Berkshire down around 2% in after-hours trading.

Related Buffett coverage:

Joe Magyer wishes Warren Buffett a speedy recovery. Joe owns shares of Berkshire Hathaway, as does The Motley Fool. The Motley Fool has a disclosure policy.


Read/Post Comments (3) | Recommend This Article (12)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Add your comment.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 1864127, ~/Articles/ArticleHandler.aspx, 10/31/2014 4:29:25 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement