Author: William Wei and Gregory White

Earlier on Bloomberg TV, Berkshire Hathaway board member Ronald Olson claimed the board has spent “a long number of years thinking about potential successors” to Warren Buffett and Charlie Munger.

However, Olson goes on to say that “there’s not going to be any decision made until the day that it’s called for.”

• 0:30 The board will make a decision when there needs to be one, they have prepared for this
• 1:00 This is not going to be a complicated process
• 1:20 On the day it needs to be made, the board will make the call from its current picks
• 1:55 There may be candidates that rise up in the future that are not mentioned today

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Earlier on Bloomberg TV, Robert Shiller said there is a “50-50” chance that a double-dip will occur in the housing market.

• :35 Recovery was sharp a year ago, and now has gone weak
• 1:00 Withdrawal of government support haunts market
• 1:30 There is a real concern about a ‘double-dip’
• 2:50 Private demand replacing the Fed depends on ‘animal spirits’
• 3:20 50-50 chance on ‘double-dip’

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