Sokol’s Resignation Raises Questions Regarding Lubrizol Transaction

In a press release issued this afternoon, Berkshire Hathaway Chairman and CEO Warren Buffett announced the resignation of David Sokol. Mr. Sokol served as Chairman of several Berkshire subsidiaries and many observers, including The Rational Walk, previously believed that he was the front runner to eventually assume the CEO position at Berkshire Hathaway. Read this article for our views on the resignation.

Berkshire’s Ajit Jain Comments on Indian Insurance Market, Japan, and Succession Issues

The Times of India has published a rare interview with Ajit Jain which coincides with Warren Buffett’s arrival in Bangalore today. Mr. Buffett’s trip to India coincides with the company’s entry into the Indian auto insurance industry through Berkshireinsurance.com, a majority owned subsidiary that has a direct sales strategy similar to Berkshire’s GEICO division. Read this article for more details.

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