The Woodstock of Capitalism: Health and Succession for Buffett

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Omaha, Nebraska might be an unassuming location on a typical day, but not this weekend because Berkshire Hathaway is staging its annual shareholder meeting, a.k.a. the Woodstock of Capitalism.A handful of friends of our show told us that they would be heading for the event today and there won't be any shortage of questions. On the top of the pile is gotta be Warren Buffett's health, followed by who he will name as the successor of Berkshire. Buffett said in his annual shareholders letter in February that the board has decided on a candidate to take over the company, but he declined to identify this individual even after his health situation became well known in April.Key holdings of Berkshire include Coca-Cola, IBM, American Express, Bank of America and Wells Fargo. Berkshire posted stellar performance in the majority of the past four decades even though both A and B shares trailed the S&P in 2011.For more news and updates, keep it right here at the Financial News Network. I'm Julia Sun.

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