Stockpickr: Seeking Buffett's Apprentice

Warren Buffett's annual letter to shareholders, released last Thursday, offered several interesting items, including some new positions for Berkshire Hathaway(BRKA Quote). Check out the updated holdings on Stockpickr's Warren Buffett portfolio page.

Most notably, however, Buffett stated in the letter that he needs to find a younger replacement. The Berkshire Hathaway chairman is 76 years old, and his vice-chairman, Charles Munger, is 83. Lou Simpson, the company's top investment manager, is 70.

"At our October board meeting, we discussed that subject fully," Buffett said. "And we emerged with a plan, which I will carry out with the help of Charlie and Lou. Under this plan, I intend to hire a younger man or woman with the potential to manage a very large portfolio, who we hope will succeed me as Berkshire's chief investment officer when the need for someone to do that arises. ...