No. of Recommendations: 3
https://www.barrons.com/articles/warren-buffett-sh..."it would have been nice to hear from him about why he has confidence in the future management team. They include Greg Abel, 60, the likely successor to Buffett as CEO; Ajit Jain, 71, who probably will remain head of the vast insurance operations, and Todd Combs and Ted Weschler, who now run about 10% of Berkshire's $300 billion-plus equity portfolio and probably will run the whole thing in the post-Buffett era.
Combs and Weschler have been at Berkshire for over a decade. What is their investment performance? Buffett has said little except for a comment four years ago to CNBC that they were slightly behind the S&P 500. How much longer will Jain be running the insurance business? Is Joe Brandon, the former CEO of Alleghany, the insurer Berkshire bought for about $11.5 billion in October, the likely successor to Jain? "
Certainly some criticism is valid. Would love to hear more from Greg, Ajit and Combs and Weschler during the annual meeting.
