Legendary investor Warren Buffett announced Tuesday that he has been diagnosed with Stage 1 prostate cancer.
"The good news is that I've been told by my doctors that my condition is not remotely life-threatening or even debilitating in any meaningful way," he said in a letter to shareholders. "I received my diagnosis last Wednesday. I then had a CAT scan and a bone scan on Thursday, followed by an MRI today. These tests showed no incidence of cancer elsewhere in my body." (Click here to read the full letter)
While the investing world seemed calmed by Buffett’s assurances (indeed, there were comparisons to his openness versus that of Steve Jobs), the announcement once again raised questions about who would succeed him as head of his investment company, Berkshire Hathaway. Who are the candidates? Pictured (L-R): Greg Abel, Ajit Jain, Tony Nicely, Matthew Rose, James Hambrick. For more on them click here.
And here's more on Buffett:
Doug Kass: Rethinking Berkshire
Whitney Tilson: No Reason to Sell