In a shocking article in the WSJ today, Charlie Munger announced who would take over for Buffett. "In my mind, it's a foregone conclusion," Mr. Munger said. Buffett, and Lu have both refused to comment.
This is not news for Value Walk readers. I have written several articles in the past few months stating that Li Lu would likely become the future Chief Investment Officer of Berkshire Hathaway. David Sokol who currently runs NetJets is likely to become Buffett's replacement as CEO.
I will hopefully be interviewing Li Lu sometime in the coming months.
Here are some of my articles about Li Lu(including one I published today):
Check them all out. They all have valuable information about the man who was virtually unknown a few months ago, to now "officially" becoming Buffett's successor.
Here is a link to the original article from the WSJ: http://online.wsj.com/article/SB10001424052748703977004575393180048272028.html
For another great article check out a column by my colleague Ravi wrote:
Disclosure: No positions