— Tens of thousands of Berkshire Hathaway shareholders return to Omaha every year to learn from Warren Buffett and celebrate the company he built through acquisitions and investments. And the fact that Berkshire is holding more than $114 billion in cash and short-term investments raises questions about what Buffett might buy next. Buffett has said that Berkshire has a succession plan in place for whenever it is needed. Jim Weber, CEO of Berkshire company Brooks Running, said the transition from reporting directly to Buffett to reporting to Abel has gone smoothly. Buffett said the main problem with the Kraft investment is that Berkshire and 3G overpaid for it.

Source: National Post May 04, 2019 21:00 UTC