Warren Buffett, chairman of Berkshire Hathaway Inc., gestures towards attendees taking his photo as part of the Berkshire Hathaway annual shareholder meeting weekend in Omaha, Nebraska, U.S., on Sunday, May 3, 2009. Buffett said all four candidates to replace him as chief investment officer of Berkshire Hathaway failed to beat the 38 percent decline of the Standard & Poor’s 500 Index last year. Photographer: Andrew Harrer/Bloomberg News

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