Berkshire Hathaways Insurance Star Ajit Jain Sells $139 Million in Stock

Warren Buffett highly regards Ajit Jain, who leads Berkshire Hathaway`s insurance division and has significantly contributed to the company`s success. Buffett has praised Jain`s business acumen and stated he would replace himself with Jain if possible. However, Greg Abel, the other vice chairman, is set to succeed Buffett, likely due to being ten years younger than Jain. Jain recently sold a significant portion of his Berkshire Hathaway shares, profiting $139 million, but this action didn`t negatively impact the company`s stock.