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Warren Buffet Diagnosed With Cancer at 81.

Warren Buffett Prostate Cancer

By Mickey Davis

 

Warren Buffett (81) was recently diagnosed with stage 1 prostate cancer. Many have been quick to question what would happen to Berkshire Hathaway if he were to die. The main question remains and always has been, “who would take over?”

In 2011, a small poll was taken on The Economist website. The poll stemmed from a comment that Warren made about Howard being the future “independent chairman.” The Economist asked the public whether or not Berkshire Hathaway should follow “the lucky sperm club.” Sperm club meaning Buffett’s son Howard, who is currently 57 years of age (then 56). The results landed to 84% Yes and 16% No.

The question we should be asking ourselves is whether or not a 57-year-old many is ready to take on such a big task. Sure, Warren is 81 and is able to manage Berkshire Hathaway, but he has been doing it since 1964. Taking the reigns of such a big company would take a lot of energy and some might argue that a young energetic man with good wit should take over.

However, this is only the beginning of Buffett’s fight for cancer and it probably will not effect his decision too much. He has almost certainly been giving this topic plenty of thought over the course of his lifetime and most likely has the general plan mapped out already. Whatever future path lay ahead for Warren Buffett, it is probably a smooth one.

References:

http://www.economist.com/economist-asks/should_warren_buffetts_son_take_over_independent_chairman_berkshire_hathaway

http://en.wikipedia.org/wiki/Berkshire_Hathaway

http://en.wikipedia.org/wiki/Warren_Buffett

http://en.wikipedia.org/wiki/Howard_Graham_Buffett