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Berkshire Coverage

Berkshire's 4Q Transactions Have Ted Weschler's Fingerprints All Over Them

The company made a number of significant purchases in the quarter while selling off small amounts of long-held legacy positions.

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While Berkshire Hathaway is best known for the near celebrity status of Warren Buffett, the firm's chairman, CEO, and primary investor, a changing of the guards is looming over the horizon. 

Lou Simpson stepped down from his position of running GEICO's portfolio at the end of 2010 and both Buffett and his partner, Charlie Munger, are octogenarians. Although both are in reasonably good health--as Buffett's stage-1 prostate cancer is said to be non-life-threatening--and they could theoretically run the portfolio for many more years, succession plans have begun in order to keep the portfolio running in the event that Buffett or Munger passes away unexpectedly. 

Drew Woodbury does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.