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In a lofty address that at times resembled a campaign speech, the chief executive of Wal-Mart Stores, H. Lee Scott, said that “we live in a time when people are losing confidence in the ability of government to solve problems.” But Wal-Mart, he said, “does not wait for someone else to solve problems.” Mr. Horowitz said Wal-Mart had room to improve, however. Its next goal, he said, should be to stop selling the least energy-efficient products, rather than simply introducing better models.
Home Neubert's Trades Hiring the Next Generation at Berkshire Hathaway
Hiring the Next Generation at Berkshire Hathaway
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Written by David Neubert   
Warren and Charlie discuss Berkshire Hathaway selection process for the next manager.

In talking about how to find managers to run the portfolio, Buffett talks about having a small number of people manage around $5 billion each in portfolios that mimic what would fit into a $100 billion portfolio.  The company monitors how these smaller portfolios go, and then after a few years, reevaluates the process.  That would be the path for a future managers of Berkshire Hathaway.

Should I apply?