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Warren Buffett Wants a New Warren Buffett

• Buffett 2.0: Oracle of Omaha seeks young understudy to take over Berkshire. [Fortune]
• Thirteen charged with insider training, including Morgan Stanley, UBS, Bear Stearns, and Bank of America employees. [NYT]
• Goldman, Merrill, and Morgan Stanley traders rate own firms barely above junk-bond status. [Bloomberg]

• It just gets worse for the Gap: Fourth quarter profits fell 35 percent. New chairman blames old chairman for poor sales. [AP via Forbes]
• Cathy Horyn admits her love for model Lara Stone with a slideshow of the model backstage at several shows. [NYT via Fashionista]
• Look for H&M’s new beachwear line, a tribute to Kylie Minogue, in May. [Bloomberg]

• Aaron Charney’s lawsuit aside, it’s a good time to be a gay lawyer. [The American Lawyer]
• And speaking of Charney, he’s moving to dismiss the Sullivan & Cromwell suit against him for disclosing confidential information. [NYLJ]
• Practice in Italy, where the lawyers are the highest-paid in Europe. [Bloomberg via Legal Blog Watch]

• Tina Brown and Graydon Carter make up: VF set to excerpt Brown’s upcoming book on Princess Di. [Eat the Press/HP]
• Keith Olbermann to interview Valerie Plame at NYU. Will O’Reilly come and heckle? [Radar]
• Coming soon to Fox News: former senator Rick Santorum. [FishbowlDC/Mediabistro]

Warren Buffett Wants a New Warren Buffett