Berkshire Hathaway Inc. (BRK.A)’s Future after Buffet

Speculation has been going on for ages, as to who would replace the Oracle of Omaha as the Chairman and CEO of Berkshire Hathaway Inc. (NYSE:BRK.A). The conglomerate that Warren Buffett has created, under Berkshire Hathaway Inc. (NYSE:BRK.A) spans industries and sectors, and most predict that someone from inside Berkshire Hathaway would be leading it in the future. Berkshire Hathaway posted an amazing second quarter results, the company now has in excess of $55 billion in cash reserves, more than it ever had in the past.

Warren Buffett portrait

Lawrence A. Cunningham, author of the soon to be released book, ‘Berkshire Beyond Buffett’ discussed the future of Berkshire Hathaway Inc. (NYSE:BRK.A) on Fox Business News.

“[...] $56 [billion] sounds as a lot of cash, but $20 [billion] of it will sit in Berkshire Hathaway Inc. (NYSE:BRK.A)’s coffers like always, to show financial strength. Capital expenditures at BNSF and BH Energy are going to be around $10 or $12 billion in the coming year. BH Energy itself is looking at some acquisitions, especially in the renewable space that might absorb another 10 or 12 [billion dollars] and several of the subsidiaries are always looking for acquisitions […],” Cunningham said.

Cunningham believes that even though Berkshire Hathaway Inc. (NYSE:BRK.A) constitutes of a large number of subsidiaries, all these companies are tied by a core set of common values. Out of the nine common values that all these subsidiaries have, the most prominent among them according to Cunningham is that they all are committed in their business for the long term just like Buffett is.

“His job is going to be split into three different segments, a CEO, a CIO and a chairman of the board and for the CEO spot, I polled hundreds of shareholders for this book and asked them to name three people they’ll be happy to see succeed him […] but, I got a dozen of names that were identified scores of time. So, there is a deep bench there,” Cunningham said.


 Disclosure: None

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

The 34 Smartest Countries in the World

The 10 Countries with the Highest Suicide Rates

The 10 Most Technologically Advanced Countries in the World

The 10 Safest Countries in the World to Live in Peace

The 10 Top Selling Smartphones in the World 2014

The 12 Biggest Shopping Centers in the World

The 10 Friendliest Countries in the World

Qihoo 360 Technology Co Ltd (QIHU), Actavis plc (ACT), Yahoo! Inc. (YHOO) Among 20 Long Ideas from Sohn Canada

The 10 Laziest Countries in the World

The 10 Most Polluted Countries in the World

The 10 Most Dangerous Cities in America 2014

The Top 10 Gold Producing Countries in the World

The 10 Tallest Buildings in the World

The 10 Richest Stand Up Comedians in the World

The 10 Fattest Countries in the World

The 5 Best Summer Jobs for Teens

The 10 Most Religious Countries in the World Keeping the Faith

The 10 Most Educated Countries in the World

The 10 Most Popular Cell Phones in the World

The 10 Drunkest Countries in the World

The 10 Most Expensive Private Schools in the World

The 10 Smallest Countries in the World

Walking Dead Season 5 Spoilers You’ll Wish You Didn’t Know

The 10 Poorest Countries in the World

The 10 Greenest Countries in the World

The Top 10 Countries with the Highest Population in the World

The 10 Most Visited Countries in the World

The Top 10 Star Wars Characters in the Iconic Series

The 10 Most Expensive Android Phones in the World

5 Reasons Why The Illuminati Is Real and a Threat to Society

The 6 Scariest Halloween Costumes Ever Screamed At

The 4 Biggest Hedge Fund Managers in the World Today

The 15 Most Densely Populated Countries in the World

The 10 Biggest Tea Drinking Countries in the World

Top 6 Ways to Improve Your Checkout Process and Close Sales

The 5 Most Profitable Online Businesses You Can Start Today

The 20 Most Profitable Hospitals in the US

The 5 Most Profitable Home Businesses to Start

The 7 Teams that Will Win the Stanley Cup in 2015

The Top 10 Most Expensive Digital Cameras to Snap Stunning Shots With

The 10 Highest Quality Fast Food Restaurants In America Today

The 8 Best Halloween Decorating Ideas to Spook Up Your House

10 Marvel Women that Should Get a Movie Right Now

The 20 Best Remixes of Popular Songs that Will Make You Forget the Originals

7 Most Expensive Cities in the World

5 Least Expensive Cities in the World

10 Celebrities Who Believe In Scientology

10 High Margin Food Products to Build a Business Around

The 10 Most Expensive Clothing Stores in the United States to Get Decked Out At

The 5 Biggest Kickstarter Scams That Swindled Backers’ Donations

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!