Warren Buffett chooses middle child Howard as successor of $1-trillion firm

Billionaire investor Warren Buffett has chosen his 70-year-old middle child, Howard 'Howie' Buffett, as his successor, Wall Street Journal reported. Howard will take over as non-executive Chairman of Warren's $1-trillion investment firm Berkshire Hathaway. "I feel I'm prepared for it because he prepared me. That's a lot of years of influence and a lot of years of teaching," Howard said.