Author Topic: Berkshire Hathaway - Insurance Operations  (Read 6394 times)

Mephistopheles

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Re: Berkshire Hathaway - Insurance Operations
« Reply #20 on: December 10, 2017, 04:20:37 AM »
Successor is Ted Weschler, I just found out through my psychic reading abilities.

Jk. This focus on Jain/Abel is silly. There are like 80 execs at Berkshire. And he won't pick someone in their 60s to be CEO; it will be someone much younger.


John Hjorth

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Re: Berkshire Hathaway - Insurance Operations
« Reply #21 on: December 10, 2017, 05:54:17 AM »
I think we also here have to reply on the Berkshire system built up over many years by Mr. Buffett and Mr. Munger, in this particular case the input to Mr. Buffett from Mr. Jain related to the memo every second year from Mr. Buffett to his superstars at the Berkshire subs about succession in the subs.
”In the race of excellence … there is no finish line.”
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John Hjorth

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Re: Berkshire Hathaway - Insurance Operations
« Reply #22 on: December 19, 2017, 01:20:48 PM »
I'm not trying to clog up this topic with a Buffett succession speculation post, but have to bring up a cut from a Bloomberg article today: After Decades of Hints, Buffett's heir May Now Be More Apparant.

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... A key distinction between the wo executives is age: Jain is 66, Abel is 55. Buffett is proof that the CEO can do well by shareholders long past typical retirement age. Even so, Jain has been facing some health challenges that could eventually make working more difficult, according to people who've recently spent time with him. ...

Say it isen't so.

Posted by Munger_Disciple in a separate topic here on CoBF: Here.

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He established the Jain Foundation, the mission of which is to cure limb-girdle muscular dystrophies caused by dysferlin protein deficiency.

I'm speculating about if there is a connection here.
« Last Edit: December 19, 2017, 01:45:22 PM by John Hjorth »
”In the race of excellence … there is no finish line.”
-HH Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the United Arab Emirates and Ruler of Dubai

Voodooking

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Re: Berkshire Hathaway - Insurance Operations
« Reply #23 on: September 17, 2018, 03:29:29 PM »
It is Ajit's son who unfortunately suffers from these health issues... I heard him discuss it in an interview.

John Hjorth

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Re: Berkshire Hathaway - Insurance Operations
« Reply #24 on: September 17, 2018, 03:48:15 PM »
It is Ajit's son who unfortunately suffers from these health issues... I heard him discuss it in an interview.

Voodooking,

Source?
”In the race of excellence … there is no finish line.”
-HH Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the United Arab Emirates and Ruler of Dubai

globalfinancepartners

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Re: Berkshire Hathaway - Insurance Operations
« Reply #25 on: September 17, 2018, 04:00:50 PM »
"Jain, who also worked for three years at IBM in the mid-1970s as a salesman, established the Jain Foundation in 2005. The Seattle, Wash.-based nonprofit organization aims to cure limb-girdle muscular dystrophies caused by dysferlin protein deficiency, a condition that Jain's son has."

https://www.indiawest.com/news/global_indian/iit-kharagpur-alumnus-ajit-jain-donates-berkshire-stocks-to-institute/article_bfb2f2ce-6825-11e7-a18a-53a5898cd4eb.html

John Hjorth

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Re: Berkshire Hathaway - Insurance Operations
« Reply #26 on: September 18, 2018, 06:08:36 AM »
Thanks, globalfinancepartners,

So those rumors about Mr. Jains unspecified health issues in that particular Bloomberg article from December 2017 are still just that - rumors.
”In the race of excellence … there is no finish line.”
-HH Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the United Arab Emirates and Ruler of Dubai