Warren Buffett uses his annual shareholder’s letter (PDF) as a help wanted ad for some one to eventually take over his investment duties. (via Wall Street Journal)

DealBook takes a peek at Warren Buffett’s “wish list.”

Warren Buffett on the “folly” of the current hedge fund craze. (via FT Alphaville)

Investment Ideas by Yaser Anwar compares the strategies of Buffett and Eddie Lampert.

Justin Fuller at Morningstar.com breaks down Berkshire Hathaway’s portfolio of publicly traded stocks.

Will rallies from here fail?  (via MarketBeat)

Ticker Sense asks, “(W)here do 3%+ declines usually occur during bull and bear markets?

Jim Jubak at MSN Money on the next emerging market that could blow up next.

Eddy Elfenbein at Crossing Wall Street identifies a scapegoat for the market’s problems of late.

All About Alpha on a research paper that identifies “primitive trading strategies” that helps distinguish alternative alpha from “accidental alpha.”

Chet Currier at Bloomberg.com on the largely fruitless quest for alpha by money managers.

Dailyii.com on the “race to commercialize synthetic hedge funds.”

Houman B. Shadab at American.com on whether there should be a “one size fits all” disclosure requirement for hedge fund managers.

Adam Warner at the Daily Options Report on why VIX options are flawed vehicles.

Roger Nusbaum at TheStreet.com reassesses international diversification in light of big one-day market moves.

Tom Lydon at ETF Trends on an interesting new ETF based on “relative strength”, the downside being the security selection process is “proprietary.”

Brett Steenbarger at TraderFeed on integrity and the “trading industry.”

Aaron Pressman at BusinessWeek.com on the less than propitious timing of some recent closed-end fund IPOs.

The Economist on how private equity is coming under attack and how they are responding in a “green” fashion.

Arik Hesseldahl at BusinessWeek.com on what Apple Inc. should do with its growing cash hoard.

Robert Young at GigaOm asks: “Is Google a media company?”

Going Private has readers in high places.

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