Warren Buffet Reassures Shareholders

Warren Buffett tried to reassure his shareholders on Saturday that Berkshire Hathaway will be fine once he is gone, but the 77 year old billionaire offered few new details of the company's succession plan. Actually,Berkshire vice chairman, Charlie Munger, may have done more to reassure the roughly 31,000 shareholders at the company's annual meeting. Munger said they still have a rising young man here named Warren Buffett to which Buffett joked that everyone seems young to the 84 year old Munger.