A French individual investor, Pierre, who sent in the wonderful CIFE idea, read the post where I mentioned two French micro caps, Precia and Poujoulat, and emailed me this:

According to a story in the new issue of Vanity Fair, the succession list of candidates to replace Warren Buffett at the helm of Berkshire Hathaway as CEO has four names at the top that are getting a lot of talk. They are David Sokol, chairman of two Berkshire businesses, MidAmerican Energy Holdings and NetJets; Gregory Abel, CEO of MidAmerican; Ajit Jain, Berkshire’s reinsurance chief; and Matthew Rose, who heads up Burlington Northern.

Lunch with the billionaire and well-known philanthropist Warren Buffett has attracted a record auction bid of $2.63 million at the 11th annual charity fundraiser.

The winning bidder, who wished to remain anonymous, will have a chance to dine with Buffett at New York’s prestigious Smith and Wollensky steakhouse.

Buffett earned his title of “legendary investor Warren Buffett” after turning the textile manufacturer Berkshire Hathaway into a billion-dollar enterprise.

Full Story: http://www.theepochtimes.com/n2/content/view/37384/

Warren Buffett is getting a lot of negative reviews for his appearance under subpoena yesterday (Wednesday) before the Financial Crisis Inquiry Commission.

In response to respectful, but pointed, questioning, Buffett argued that Moody's shouldn't bear all the blame for giving favorable ratings to subprime mortgage loans that later went horribly bad, sparking the financial crisis we've all been living through these past few years.

(Reuters) - Berkshire Hathaway Inc (BRKa.N)(BRKb.N) confirmed on Friday that Warren Buffett will testify under subpoena before a U.S. panel examining the causes of the 2008 financial crisis.