Episode 5: On structured settlements, gypsum, Ajit Jain, Berkshire’s great managers, potential investment opportunities, and compensating Berkshire’s next CEO.
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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.