You will remember that Sokol who was widely considered a top candidate to succeed Buffett as Berkshire's chief executive had to resign under a cloud last month after it was revealed that he had bought USD 10 million of shares in Lubrizol Corp while he was pitching the chemicals company as a Berkshire takeover target.
Warren Buffet has a succession plan in place and he has four internal candidates to potentially succeed him as chief executive. He further stated that now the candidate he was thinking was leading candidate now and he would lay a lot of money on the fact that he is as straight as an arrow.
One can learn a lot from him Warren Buffet investment strategy and hope to become like him by following his ideals and footsteps.
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