Home » Economy » Warren Buffett acknowledges he won't live forever, tells investors: 'Don't worry'
Warren Buffett acknowledges he won't live forever, tells investors: 'Don't worry'
What should Warren Buffett do with his billions?
Huntington Private Bank CIO John Augustine discusses what Berkshire Hathaway CEO Warren Buffett should buy next.
Warren Buffett isn’t getting any younger, but the “Oracle of Omaha” doesn’t want Berkshire Hathaway investors to worry: The company will remain in good hands after his death.
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Buffett, 89, plainly addressed his eventual demise and that of 96-year-old vice chairman Charlie Munger in his annual letter to shareholders Saturday, writing that the company is “100 percent prepared for our departure.”
“Charlie and I have very pragmatic reasons for wanting to assure Berkshire’s prosperity in the years following our exit: The Mungers have Berkshire holdings that dwarf any of the family’s other investments, and I have a full 99 percent of my net worth lodged in Berkshire stock,” Buffett wrote. “I have never sold any shares and have no plans to do so.”