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MarketFoolery

MarketFoolery: 02.27.2012

MarketFoolery

The Motley Fool

Money, Business, Motley, Business News, Stocks, News, Investing, Market, Fool

4.71.7K Ratings

🗓️ 27 February 2012

⏱️ 21 minutes

🧾️ Download transcript

Summary

Our analysts discuss Warren Buffett's annual letter to shareholders.

Transcript

Click on a timestamp to play from that location

0:00.0

It's Monday, February 27th, and this is market foolery.

0:05.0

I'm Chris Hill and joining me in studio today for a million dollar portfolio, Ron Gross,

0:09.0

and from Motley Fool Inside Value, Joe Meager.

0:11.0

Gentlemen, happy Monday.

0:12.8

Hey, happy Monday.

0:14.0

The topic on the table for the day,

0:18.2

just one topic.

0:19.1

And Joe, I know no one in the room was more excited about this than you,

0:22.1

and that is Warren Buffett's annual

0:24.9

shareholder letter which came out Saturday morning you were up early weren't you?

0:28.6

I was up very early I said an early clock I had a couple of cups of coffee.

0:33.2

Yeah, you know, my fiance, I was like,

0:35.1

honey, you know, Saturday is going to be a busy day for me.

0:37.6

The Buffett letter is coming out, and she's like, okay.

0:40.2

All right, so there are a lot of things

0:42.2

about the letter that we will dig into, but let's start with the thing that is getting the most coverage, certainly over the last couple of days since the letter first came out.

0:51.0

And that is the question of Warren Buffett's eventual successor.

0:56.0

This is these are the you know the most clues he's given out at any point to date where he said that he and the board of directors at

1:04.3

Berkshire Hathaway know who the successor is but the successor doesn't know.

1:08.6

Who's the most likely candidate? Joe, I'll just start with you.

1:12.8

Yeah, I think the smart money is on AJET Jane.

1:15.2

AJET heads up the reinsurance business at Berkshire Hathaway and House for a long time,

...

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