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Buffett said Berkshire HathawayBestonlinevideopokerInvestment decisions, including those involving equity portfolios, will fall on the plan's successor, Greg Abel.

"I think Greg should take full responsibility," Buffett said. " "the responsibility has always been on me, and I have outsourced some of the responsibility. I used to have different views on how to deal with these responsibilities, but I think the responsibility should rest with the CEO. "

"whether the CEO's decision helps to perform this responsibility or not, it depends on his or her decision when managing the money. I want to say that as Berkshire's capital has become so large, my ideas have developed to some extent. " "We don't want 200 people to manage $1 billion each, which won't work." While Buffett has made it clear that Abel, vice chairman of the non-insurance business, will take over as chief executive, there are questions about who will control Berkshire's public equity portfolio.

Buffett has attracted a large following by making huge returns on investments in companies such as Coca-Cola and Apple.

Berkshire's investment managers Todd Combs and Ted Weschler, both former hedge fund managers, have helped Buffett manage a small portion of his equity portfolio over the past decade or so.