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Warren Buffett Found His Successor, Won't Name Names

Posted on 27 Feb 2012

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On Saturday in his annual investor letter, Warren Buffet said he has found a successor for Berkshire Hathaway but the person remained unnamed.

Buffett does not have immediate plans to retire. He said he expect a “seamless” transition, but whether or not the new leader will keep shareholders happy post-Buffett is yet to be seen.

He also discussed familiar themes -- such as his continued appetite for deals, his preference for stocks over treasuries and gold, and his bullish view on the U.S. economy.