Warren Buffett

FOX Business Network’s (FBN) Liz Claman interviewed Berkshire Hathaway Inc. (NYSE:BRK.A) (NYSE:BRK.B) CEO Warren Buffett’s three children, Howard, Peter, and Susie Buffett, live from Omaha, NE on the eve of the Berkshire Hathaway Annual Shareholder Conference. Howard, who is suspected to be one of Warren’s successors, said his father’s cancer diagnosis is “barely a speed bump.” Daughter Susie said the diagnosis is “really a non-event unless you are a member of the press.” Son Peter echoed the sentiments of his siblings saying, “We all knew my dad was human a long time ago, but it does reset your thinking. Yeah he is getting old, but in his world, this is barely a speed bump.”

 Excerpts from the interview are below.

“Susie called me, and your first reaction is you are very concerned, and I asked Susie how come you are not more upset? And she said we just don’t know enough yet. We don’t know what the facts are. And the facts turned out the be very favorable. And I talked to my dad, and he said I have been reading up and he started reading off all the statistics. The truth is for him it will be barely a speed bump.”

Susie Buffett on her father’s health concerns:

“This is really a non-event unless you are a member of the press. He is fine, and he will be fine.”

Peter Buffett on his father’s health:

“We all knew my dad was human a long time ago, but it does reset your thinking. Yeah he is getting old, but in his world, this is barely a speed bump.”

Howard Buffett on the future of the Berkshire Hathaway Annual Shareholder Meeting when his father is no longer CEO:

“It will be different. But when something does change, it will never be the same. It probably won’t be as big. There are people who come here because they want to see Charlie and Warren.”

Howard Buffett on being a part of Berkshire Hathaway’s succession plan:

“It has evolved over time. I think he has a lot of years left and he is doing a great job of getting prepared for when something does happen.”

Peter Buffett on something people don’t know about his father:

“Not much. There are no secrets or anomalies. People know he has ice cream for breakfast and all the things that make him the entering figure he is are very real.”