Berkshire Hathaway CEO Warren Buffett talks about 50 years running the company, the CEO succession plan and the current business environment in this year's annual letter. He declined to say who will take over as Berkshire Hathaway CEO when he leaves but popular speculation has it as either Ajit Jain, the company's head of Reinsurance or Greg Abel, who oversees Berkshire's Energy Business. Berkshire Hathaway's market value increased by $18 billion last year. Buffett also reiterated the company's interest in making a deal worth $5 billion to $20 billion but indicated most deals he seen lately are "inferior."
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