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Buffett Says His Successor Will Want Partner Like Munger

Warren Buffett, chairman and chief executive officer of Berkshire Hathaway Inc. for more than four decades, said his successor as CEO will probably develop a partner like Vice Chairman Charles Munger.

“Berkshire is better off because the two of us have worked together,” Buffett, 83, said today of Munger, 90, at their company’s annual meeting in Omaha, Nebraska. Such a joint effort will add to the new CEO’s achievements and the “fun they have,” Buffett said.