He described Mr Abel and Mr Jain as having "Berkshire in their blood".
Abel joined Berkshire Hathaway Energy Co.in 1992 and now serves as its Chairman and CEO.
Responding to an analyst report that predicted Buffett could run Berkshire for the next 10 years, the Oracle of Omaha said that sounds a bit long without getting anymore specific. Buffett had refused to name them, but investors who follow Berkshire had long included Jain and Abel on their short lists. Yet Buffett says Abel and Jain are the right choices as potential successors.
Mr Buffett has led Berkshire Hathaway for more than four decades, turning it into a complex conglomerate with holdings in freight rail, major insurance companies, real estate, newspapers and utilities.
Tom Hanks buys a round of martinis for Steven Spielberg
Streep revealed that her favorite Hanks films included Sully , Charlie Wilson's War , and of course, Forrest Gump . Hanks quipped that as Winfrey spoke at the Beverly Hills Hilton, "the waters separated" in the hotel's pool.
"When it happens or how or anything else, I don't know", he added in an interview on CNBC's "Squawk Box" from Omaha, Nebraska. "But I think we have to be a little more careful", he said in December.
To fit Abel and Jain in, Berkshire's board also voted to raise the number of directors to 14 from 12.
Abel, who grew up in Alberta, Canada, joined Berkshire Hathaway Energy in 1992. Meanwhile, Jain, who's now executive vice president of National Indemnity, will be vice chairman of insurance operations.
In late-morning trading, Berkshire Class A shares rose $2,010 to $306,530 and its B shares rose $1.61 to $204.63.
Mr Buffett told CNBC that the changes should be nearly imperceptible from the outside. He now serves as executive vice president of National Indemnity Co.
Critics took glee in pointing out how Trump had railed against football players failing to respect the national anthem. In May 2017, Trump swayed back and forth while patting his chest during the national anthem at a Memorial Day ceremony.
Arsenal are holding out for £35m, but City are hoping to sign him for less given his contract is up in the summer. Quizzed on the competition's standing in his thoughts, Guardiola said: "So important - a win helps to win more".
In all likelihood, Vivo will opt for an under display fingerprint sensor for the bottom half of the display. The company said a Tier 1 manufacturer would introduce the first phone with the tech at CES 2018 .
The first match goes live on January 10 at 4PM PST when the San Francisco Shock meet the Los Angeles Valiant. It came down to the wire, but the Overwatch League has secured a multi-year distribution deal with Twitch .
The infamous gaming company is known for their wide variety of gaming peripherals including laptops, mice, displays, and more. The docked phone serves as an intelligent touchpad, bridging the gap between handheld entertainment and laptop convenience.
And it wasn't just Battle of the Sexes star who repped the suffragettes colours of purple, green and white. In an interview with People , Goodwin explained how she arrived at the decision to use those three colors.
The latest video of the "alligators on ice" posted Monday received more than 150,000 views at the time of publishing this article. In the video, alligators can be seen literally frozen inside a pond. 'Pretty fantastic . ...
A study also done on flu vaccination said that it can significantly reduce a child's risk of dying from influenza. There have been 3,854 total flu-associated hospitalizations in OH since flu season began last October.
Unlike the latter, the headset isn't front-heavy and has been created to distribute the weight evenly all throughout. In short, you can dodge, bank left, or jump, and all of that will be tracked and interpreted by the platform.
Secret Zuma Satellite Rumored to Be Lost
According to the LA Times a spokesperson for Grumman declined to provide an explanation and said, "This is a classified mission". That would explain SpaceX's account of a ideal launch, while also squaring with accounts the satellite is a total loss.
Hunters players in shock; training suspended
The Papua New Guinea worldwide had only signed for Widnes in December from Canberra, where he was a regular in their feeder team. Ottio signed for Widnes at the end of a year ago from Australian team Canberra Raiders.
Raiders owner on Jon Gruden hire: It's a big f'ing deal
Jon Gruden showed you can go home again, returning to the franchise where he began his coaching career two decades ago. I don't know whose idea it was to kick off a press conference with a hype video, but I can get behind that idea.
Panthers fire 2 coaches after playoff loss to Saints
Over that same span the Panthers averaged 229.5 passing yards per game, which is the third-fewest in the league. Carolina finished 19th in total offense, fourth in rushing offense and 28th in passing this past season.
Oprah for president? Twitter fans make the case
Team Trump said, 'We welcome the challenge, whether it be Oprah Winfrey or anybody else.' Preferably anybody else. Oprah Winfrey delivered a rallying cry to women and hope for "a new day" when receiving the Cecile B.
Trump to attend economic forum in Davos, Switzerland
This year, Trump will discuss his "America First" agenda in person, said White House Press Secretary Sarah Sanders. Trump goes to Davos after backing out of a Pacific Rim trade agreement and repudiating the Paris Climate accord.
Your Xbox is going to get a 'do not disturb' sign
Apparently, Microsoft is looking to update Xbox Achievements with a new "Careers" system and other special Avatar bonuses. Will be able to access content for games you've played recently from a Game Hub without ever having to leave the action.