Warren Buffet comments on Ajin Jain (NYSE:BRK.A)

Warren Buffett, Chairman and CEO of Berkshire Hathaway (NYSE:BRK.A), during an interview on CNBC Monday said that Ajit Jain is "incredibly valuable to Berkshire."

Jain, who heads several reinsurance businesses for the company, has been touted as a possible successor to Buffett.