(May 5, 2018) Berkshire Hathaway Annual Meeting is one of the most highly anticipated investing events every year. The 2018 Berkshire Hathaway Annual Meeting is not only for nuggets of wisdom from the world's third wealthiest person, Warren Buffett, and Charlie Munger but also for hints about the future of nation's largest conglomerate.Berkshire Hathaway is a holding company that includes everything from insurance companies to a boutique candy-maker, along with a huge stock portfolio. Berkshire Hathaway is currently the sixth biggest company in the world by market capitalization. The savvy of its aging leadership at Berkshire Hathaway has long been tied to the success of Berkshire Hathaway. In recent months, Warren Buffett and Charlie Munger has revealed more concrete clues about a succession plan - naming Greg Abel, the head of Berkshire Hathaway's non-insurance businesses, and Ajit Jain, leader of insurance operations at Berkshire Hathaway, to Berkshire Hathaway's board.At the 2018 Berkshire Hathaway Annual Meeting, Warren Buffett spent approximately eight hours to answer any questions. The main takeaways from the 2018 Berkshire Hathaway Annual Meeting this year is: succession, Wells Fargo and trade. And realistically, succession was the only subject Warren Buffett was asked about repeatedly as Greg Abel and Ajit Jain adjust to larger roles.In terms of succession, shareholders questioned Warren Buffett on the buyer of choice for companies that want a permanent home where the managers will be allowed to stay on and run their businesses with relative autonomy in the 2018 Berkshire Hathaway Annual Meeting. That reputation has helped Berkshire Hathaway buy companies at slightly lower prices than other buyers like private-equity firms.Warren Buffett replied that he is not worried because the reputation belongs to Berkshire Hathaway now. For somebody that cares about a business, Berkshire Hathaway is the first call and will continue to be the first call.Berkshire Hathaway also holds significant amount of Wells Fargo, which mired in scandal for more than a year. Warren Buffett was asked at which Berkshire Hathaway should exit its investment in the bank. Warren Buffett started off with the flawed incentive system at Wells Fargo and went on to say that Berkshire Hathaway made some of its best investments when something bad happened and then the problems got corrected.At the 2018 Berkshire Hathaway Annual Meeting, Warren Buffett was asked his opinion on trade. Warren Buffett believes that two nations have lots of common interests, and expect both countries have a lot to gain by working together.Warren Buffett was questioned about a possible double standard at Berkshire Hathaway, since Warren Buffett has criticized money managers for decades. At the 2018 Berkshire Hathaway Annual Meeting, Warren Buffett states that Berkshire Hathaway Home Services is surging part of Berkshire Hathaway who contribute to the welfare of the person that they are dealing with.Berkshire Hathaway announced a healthcare venture with Amazon and JP Morgan Chase Inc. earlier this year to redesign insurance for employees at their company. During the 2018 Berkshire Hathaway Annual Meeting, Warren Buffett told investors that the new venture was still searching for a CEO. While Warren Buffett has criticized healthcare in the United States, Warren Buffett cautioned that their effort may not succeed. According to Warren Buffett in the 2018 Berkshire Hathaway Annual Meeting, Berkshire Hathaway was attacking an industry most, which Warren Buffett describe competitive advantage gained by early movers. For more of Warren Buffett's wit and wisdom:https://www.facebook.com/Warren.Buffe...https://www.youtube.com/c/WarrenBuffe...