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Warren Buffett Says ‘It Won’t Be Long’ Before Greg Abel Succeeds Him as Berkshire Hathaway CEO
In a wistful annual letter to Berkshire Hathaway shareholders, Warren Buffett said 'it won't be long' before he's succeeded as CEO by Greg Abel.
Buffett wasn’t shy about pointing out Berkshire’s contribution’s to the greater good — and IRS coffers — compared to the tech giants that dominate Wall Street and pop culture these days. Buffett addressed the high stack of greenbacks on Berkshire’s balance sheet by assuring shareholders that the company’s focus remains on investing in the securities of solid businesses that will pay steady returns over time. But even with such malfeasance – which remains in full force today – and also much deployment of capital that eventually floundered because of brutal competition or disruptive innovation, the savings of Americans has delivered a quantity and quality of output beyond the dreams of any colonist.
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