Everyone wants to know who will replace Warren Buffett atop Berkshire Hathaway (NYSE: BRK-A ) (NYSE: BRK-B ) once the Oracle of Omaha is no longer running the ship. Buffett has been famously secretive about his replacement, but has he finally tipped his hand?
In the following video, Motley Fool analysts Matt Koppenheffer and David Hanson discuss the lessons they learned from Warren Buffett while attending the annual Berkshire Hathaway shareholder meeting in Omaha, Nebraska. During the meeting, Warren Buffett and his business partner, Charlie Munger, took questions from shareholders for nearly 6 hours and provide their thoughts on everything from investing, corporate governance, and personal success. As usual, the speculation was rampant over who could be Buffett's successor. The smart money has it pegged as one of three guys: Ajit Jain, Matt Rose, or Greg Abel. Each man is incredibly important to one of Berkshire Hathaway's main subsidiaries and regularly receives praise from Mr. Buffett.
Warren Buffett just bought nearly 9 million shares of this company
Imagine a company that rents a very specific and valuable piece of machinery for $41,000... per hour (that's almost as much as the average American makes in a year!). And Warren Buffett is so confident in this company's can't-live-without-it business model, he just loaded up on 8.8 million shares. An exclusive, brand-new Motley Fool report details this company that already has over 50% market share. Just click HERE to discover more about this industry-leading stock... and join Buffett in his quest for a veritable landslide of profits!