In very sad news Warren Buffett wrote to shareholders that he has been recently diagnosed with stage 1 prostate cancer. Fortunately the outlook looks good and we certainly wish the best for him. In the much smaller matter of how it impacts his company Berkshire Hathaway (BRK.B, BRK.A), I believe that Buffett has put a tremendous amount of energy and effort into picking a successor and I trust his judgment. Nobody will be the next Buffett but if I were to have someone try and pick the closest thing to it, I’d want Warren to be doing it as he has.
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