Insight and Intelligence on the London & International Insurance Markets 22 Jan 2018

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Opinion: Berkshire’s biblical challenge

  • Ted Bunker 12 January 2018
  • Berkshire's Jain versus Abel rivalry masks bigger challenge.

    Setting aside the competition between Ajit Jain and Greg Abel, with all its evocatively biblical intonations, their twin appointments as vice chair this week highlighted a critical issue for Berkshire Hathaway: allocating capital in a post-Warren Buffett future.

    Whoever succeeds Buffett at the top will have the sort of problem most CEOs would die for: how to spend a mountain of cash that seems to get a new infusion every year.

    Buffett...

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