Buffett succession could be case of Jain and Abel

Billionaire Warren Buffett didn't end the speculation about his eventual successor, but he reiterated on Monday that Berkshire Hathaway's board has a plan in place.

Buffett addressed a variety of topics on CNBC after releasing his annual letter to Berkshire shareholders over the weekend.

Berkshire's Vice-Chairman Charlie Munger spurred renewed interest in the replacement for the 84-year-old Buffett over the weekend because he singled out two candidates in his own letter to shareholders.