An article that gives insight into Warren Buffett's thoughts on the low-key profile of his potential Berkshire Hathaway (BRK.A, Financial)(BRK.B, Financial) successor, Ajit Jain:
The e-mail from Warren Buffett was brief, to the point and hand-written; “Bob- Ajit remains publicity-shy. He’s smarter than his boss- Warren.”
Honesty from the Oracle of Omaha; a wise shyness from my long-held feeling that Ajit Jain, the 59 year old genius insurance executive, will someday become the next CEO of Berkshire Hathaway.
So, I decided to collect all the pithy opinions about Ajit that Buffett has made over the past several years. Just weeks ago, on February 26, Buffett allowed that Ajit had added “a great many billions of dollars to the value of Berkshire Hathaway.”
A year ago on March 22, 2011, Buffett went even further– suggesting that Ajit had “probably made a lot more money for Berkshire than I have,” a sentiment that, if true, carries quite extraordinary weight. Buffett also quipped that Ajit might be hoping to “usurp” Buffett’s legendary position– but “if he was, the board of directors would probably put him in there in a minute.”
Continue reading.
The e-mail from Warren Buffett was brief, to the point and hand-written; “Bob- Ajit remains publicity-shy. He’s smarter than his boss- Warren.”
Honesty from the Oracle of Omaha; a wise shyness from my long-held feeling that Ajit Jain, the 59 year old genius insurance executive, will someday become the next CEO of Berkshire Hathaway.
So, I decided to collect all the pithy opinions about Ajit that Buffett has made over the past several years. Just weeks ago, on February 26, Buffett allowed that Ajit had added “a great many billions of dollars to the value of Berkshire Hathaway.”
A year ago on March 22, 2011, Buffett went even further– suggesting that Ajit had “probably made a lot more money for Berkshire than I have,” a sentiment that, if true, carries quite extraordinary weight. Buffett also quipped that Ajit might be hoping to “usurp” Buffett’s legendary position– but “if he was, the board of directors would probably put him in there in a minute.”
Continue reading.
