Warren Buffett Has Prostate Cancer; Detected At Early Stage, He Says

By Gerry Sullivan: There is lots of talk about Berkshire Hathaway (BRK.B) after Warren Buffett announced after the close Tuesday that he has been diagnosed with stage 1 prostate cancer. This has been the main topic for the talking heads, including Jim Cramer, and several fund managers with large Berkshire holdings.

Billionaire investor Warren Buffett says he has been diagnosed with stage one prostate cancer, but that his condition is not life-threatening.

FORTUNE -- Warren Buffett, it appears, is worth less than he used to be. Shares of Buffett's Berkshire Hathaway (BRKA) fell slightly, down about 1%, on Wednesday, a day after the company's legendary CEO announced he has Stage 1 prostate cancer. Buffett said his condition is "not remotely life-threatening" and would barely slow him down. (He won't be able to travel, while getting radiation treatment, for two months starting in mid-July.) Surely, part of the small drop has to do with the fact that few think Buffett is going anywhere soon.

OMAHA, Neb. — Warren Buffett told his company’s shareholders in an open letter Tuesday that he has been diagnosed with early-stage prostate cancer. The 81-year-old billionaire investor and CEO of Berkshire Hathaway Inc. said his condition is “not remotely life-threatening” or debilitating.

Warren Buffett revealed to Berkshire Hathaway shareholders in a letter yesterday that he has been diagnosed with stage 1 prostate cancer.