Buffett reassures Berkshire investors on succession planning after underperformance
100% prepared
Berkshire Hathaway's Warren Buffett
Warren Buffett assured Berkshire Hathaway investors the firm was “100% prepared” for his and deputy Charlie Munger’s departure at the weekend, as his annual letter noted 2019 was the company’s worst year for underperformance since 2009.
Buffet noted he, 89, and Munger, 96, "long ago entered the urgent zone", adding this was "not exactly great news for us, but Berkshire Hathaway shareholders need not worry". The reasons for this were...
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