Warren Buffet Creates Event Risk

Warren Buffet (Berkshire Hathaway NYSE:BRK.A) announces that there is a successor but will not say who it is. Warren would you invest in a company that is about to have a new leader but you are not allowed to know. Arrogance? Hubris? What is this? Some religious leaders lose perspective and demand discipline without information. Warren Buffet you would not invest in yourself on this basis. What is the rationale for holding back? Markets hate uncertainty. What are your reasons? I cannot think of a useful one! You are creating an event risk waiting to explode. By hiding or obscuring the succession plans you unnecessarily create volatility.