Himalaya Capital's Li Lu emerges as possible Warren Buffett successor

Hedge fund manager Li Lu has become the first candidate named as a potential successor to famed investor Warren Buffett to oversees the $100 billion portfolio at Berkshire Hathaway. According to The Wall Street Journal, Charlie Munger, Berkshire’s vice-chairman and a close friend of Mr. Li, has identified him as a possible candidate to take over Berkshire’s top investment position in the future.