Warren Buffett is famed for being an investment genius, with an extensive fifty-year career that dates back to the 1950s. Warren Buffett has a keen sense of finding a good investment, but he also has a knack for finding great talent who will help Berkshire Hathaway excel long into the future. Warren Buffett who specializes in developing and investing in many different companies needed someone to head his insurance division, and during the 1980s he found his man and he has remained in the position ever since.
Ajit Jain has been with Warren Buffett and Berkshire Hathaway since 1986, and he has improved their insurance division from a fledging shell to the powerhouse company that it is today. Ajit Jain is the brain behind the massive expansion of the Geico insurance company, turning the company from the simplistic government employees insurance company to the multinational and recognized company that it is today. Ajit Jain who was born in India and educated at the Indian Institute of Technology has managed to remain a fixture at Berkshire Hathaway for over three decades and he is set to become the next CEO after Warren Buffett sources say.
Ajit Jain wasn’t raised in the insurance business, having no background in the insurance industry what so ever. He was trained by the then insurance manager Mike Goldberg and has remained in his position ever since getting better with every passing year. Warren Buffett has said that Ajit Jain likes work more than money, and this is what Warren wants in his company because Warren Buffett is world renowned for his work ethic. Ajit Jain has remained a faithful fixture of Berkshire Hathaway and continues to improve the insurance division more and more with every acquisition. Berkshire Hathaway wouldn’t be half as successful in the insurance industry without Ajit Jain.