Prophetic Succession

With the passing of President Monson, I've been discussing with friends the ins and outs and pros and cons of prophetic succession in the Church. Specifically the fact that tradition says the senior apostle becomes the president of the Church, but that's not required by doctrine. Interesting stuff. I don't have a bunch I want to say about it here, but in my studies I ran into this BYU speech from Bruce R. McConkie that has some cool insight into the whole process.