Episode 5: On structured settlements, gypsum, Ajit Jain, Berkshire’s great managers, potential investment opportunities, and compensating Berkshire’s next CEO.
Buffett discusses investing in structured settlements and Gypsum. Buffett also offers high praise for Ajit Jain, who heads several of Berkshire’s insurance businesses. This was followed by a discussion of succession planning and Berkshire’s many great managers. Buffett also talks about how he thinks about the next investment on a deal-by-deal basis. Buffett tells shareholders how he thinks about compensation for his successor, who he’d expect to already be very rich.