In addition to Buffett and Munger, Berkshire's octogenarian directors include billionaires Walter Scott and David Gottesman, principal at investment advisory firm First Manhattan Co. and one of Berkshire's largest investors.
The auto insurance unit's profit increased by 16% in the first quarter, making it one of Berkshire's most successful arms.
The shares of Buffett's Berkshire Hathaway and Tisch's Loews are down considerably.
He used a quote from Berkshire's Duke of Wellington in a fringe on Monday.
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One, says Pabrai, is that he doesn't try to emulate Berkshire's holdings in wholly owned subsidiaries.
Fanatical supporters still far outnumber critics: Berkshire's folksy annual meeting crowds routinely top 15, 000.
One of Berkshire's portfolio positions is Moody's, whose credit analysts blessed all the offerings of collateral debt obligations.
Leave aside the obvious point that Mr. Sokol might not have lived up to Berkshire's high ethical standards.
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Buffett pledged changes to questioning by the audience at Berkshire's annual meeting, saying Fidelity had gamed the system.
The mine is run by a subsidiary of Berkshire's MidAmerican Energy Holdings Co.
Office for National Statistics estimates put West Berkshire's population at 154, 000 - a rise of 9, 500 people since the 2001 census.
He is close to Mr. Buffett, and built Berkshire's reinsurance business from a tiny company in the mid-1980s into a behemoth today.
Berkshire's board knows who it would pick as CEO if Buffett died tonight, but the top candidates could change over time, Buffett said.
But unless your company was directly affected by the attack or had a clear-cut provision like Berkshire's, chances are the courts will stop you.
Mr. Buffett said in his annual letter to shareholders in February that he also expects the pair to help Berkshire's future CEO in making acquisitions.
Janine revealed all while talking to BBC Berkshire's Andrew Peach the day after Danyl crashed out of the X Factor, failing to reach the final.
Berkshire's board, at least, knows who Mr. Buffett's successor will be.
Berkshire's insurance operations have been caught up in three regulatory probes.
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Louis A. Simpson , the highly regarded investment guru at Geico , a Berkshire subsidiary, is considered the most likely candidate to take over Berkshire's investment portfolio.
The leaders of Berkshire's roughly 80 subsidiaries and all the operating companies would reject a leader that tried to change the way the company works, he said.
Buffett leads Berkshire with a tiny staff of roughly two dozen at its headquarters, and he largely lets the CEOs of all Berkshire's subsidiaries make all the operating decisions.
Mr. Buffett has said one of Berkshire's subsidiary managers has been identified to be its next chief executive and has sought to assure shareholders of an orderly leadership transition.
The figures illustrate Berkshire's willingness to pay for performance.
Among auto insurers, Berkshire's Geico is the low-cost operator.
In assessing the performance of Berkshire Hathaway he counts, not the price appreciation for the companies in which Berkshire has big stakes (like Coca-Cola), but Berkshire's pro rata share of their net.
"I haven't seen anything in Goldman's behavior that makes it any more subject to criticism than Wall Street generally, " Mr. Buffett said at a news conference Sunday, the day after Berkshire's annual meeting.
The two managers' performance and their roles in the company's succession plan for the 82-year-old Mr. Buffett will likely be the subject of shareholder questions at Berkshire's annual meeting this weekend in Omaha, Neb.
For a role model Doyle cites Warren Buffett , who has put his Berkshire Hathaway (nyse: BRK.A - news - people ) heavily into the energy sector--MidAmerican Energy Holdings provides Berkshire's largest source of noninsurance revenue.
He also predicted that Coca-Cola (nyse: KO - news - people ), Berkshire's largest equity position, would begin repurchasing its shares once the stock dropped to a point at which it was selling at 20 times earnings.
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