Billion heavyweight with well-filled pockets! Can Greg Abel save the Buffett legacy?
Abel knows: Writing the legendary shareholder letters will never be easier – investing almost $400 billion in cash is certainly not. But the beginning is made.
Reading Time: 4 minutes
The footsteps could not be larger. Greg Abel, the new CEO of Berkshire Hathaway (BRK.A/BRK.B), faces the Herculean task of maintaining shareholder trust and continuing Warren Buffett's legendary investment style. In his first shareholder letter, Abel made it clear: No expansion at any cost, absolute focus on operating margins, and an unwavering protection against downside risks. However, the real challenge is the gigantic cash mountain of $373 billion. Even Warren Buffett struggled at the end to find suitable candidates for investment in an overheated...
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