The Traderszone Network

Published in TZ Latest News 28 February, 2015 by The TZ Newswire Staff

Buffett looks to succession, signals future growth problem

In his 50 years at the helm of Berkshire Hathaway Inc, Warren Buffett has transformed a failing textile company into a sprawling conglomerate that has vastly outperformed most of the rest of corporate America. In the 84-year-old’s annual shareholder letter released on Saturday, Buffett said Berkshire has grown so large – 751,000 times its original net worth per share – that the future pace of gains “will not come close” to those of the past. “The numbers have become too big,” Buffett wrote.

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