Greg Abel wants Berkshire Hathaway to outlast Warren Buffett
View original at finance.yahoo.comGreg Abel wants Berkshire Hathaway to outlast Warren Buffett There are CEO transitions that arrive with fireworks, a new org chart, and an urgent memo about “day one.” Then there’s Berkshire Hathaway’s version: A new CEO sits down, picks up the pen, and tells shareholders that the job is basically to touch nothing with…
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Berkshire will not pay cash dividends as long as more than one dollar of market value is likely to be created by each dollar of retained earnings
80% confidenceAbel will avoid investments that undermine the fabric of society or could jeopardize Berkshire's reputation
80% confidenceQuarter-to-quarter investment gains and losses are usually meaningless as a measure of business performance
80% confidenceBerkshire's role is stewardship - shareholder capital is commingled but does not belong to the company
80% confidenceOwners' time horizon extends beyond the tenure of any individual CEO
80% confidenceNature controls the winds, not Warren Buffett and not Greg Abel
80% confidenceBerkshire's substantial cash position does not signal a retreat from investing
80% confidenceBerkshire's culture and values govern how Abel leads every day
80% confidenceBerkshire wishes Bell Laboratories acquisition had been ten times bigger
80% confidenceAbel will not be CEO for 60 years but intends that in 20 years shareholders will be proud that Berkshire is even stronger
80% confidenceProperty and casualty industry saw deceleration or reversal in pricing and policy terms in 2025, particularly in latter half, which likely means Berkshire will write less business for a period of time
80% confidenceWarren Buffett is a very hard act to follow
80% confidence