OMAHA, Neb. — Warren Buffett worked to reassure shareholders that he's feeling good after his recent prostate cancer diagnosis, and that Berkshire Hathaway is ready to replace the revered 81-year-old investor when the need arises.
Based on the questions Buffett got from the crowd of more than 30,000 at the company's annual meeting in Omaha on Saturday, Berkshire shareholders are taking him at his word.
Although Buffett just disclosed the condition last month, he didn't face the first question about his health until well into Saturday's questioning.
"I may have a little less energy, but that may mean I do fewer dumb things," he said jokingly.
Buffett told shareholders in this year's annual letter that the board had picked someone to succeed him as chief executive if the need arises immediately, and that it has two backup candidates. But Buffett hasn't publicly identified his successor. During the business portion of the meeting, Berkshire shareholders overwhelmingly rejected a proposal that would have required annual updates on how the company is preparing to replace Buffett.