MarketFoolery: 03.31.2011

Published: March 31, 2011, 8:01 p.m.

David Sokol, once considered a possible successor to Warren Buffett, resigns\xa0following revelations that he bought $10 million in shares of Lubrizol just days before he recommended that Buffett buy the company.\xa0 Is there another shoe to drop? How much damage has been done to Buffett\u2019s and Berkshire\u2019s reputation? What does the news mean for the Lubrizol deal? Who is the likely successor to Buffett now?\xa0 Our analysts answer those questions and weigh in with their reactions.