Welcome to our coverage of the Berkshire Hathaway (NYSE: BRK-A)(NYSE: BRK-B) annual shareholders' meeting, also known as Woodstock for Capitalists! While cameras are strictly prohibited in the arena with Warren Buffett and Charlie Munger, Brendan sneaked outside to the exhibition hall to offer a quick reaction to some of the Q&A session so far. Not surprisingly, the topic of Buffett's successor came up immediately, and Buffett explained what he expects from the next CEO of Berkshire. Check out the following video of Brendan on his reaction to Buffett's comments, and make sure to follow the Q&A with our live chat -- and everything else Berkshire 2012 -- by clicking here.