Abel vows Berkshire’s Buffett-era discipline endures
TL;DR Summary
Greg Abel, in his first annual Berkshire letter as CEO, pledges to preserve Buffett’s disciplined investing and fortress balance sheet, maintains a no-dividend policy with ample cash as dry powder, and will run a concentrated equity portfolio (Ted Weschler manages about 6%) as part of a long-term, patient approach that eschews quarterly earnings cadence.
Topics:top-news#berkshire-hathaway#business#capital-allocation#dividend-policy#greg-abel#warren-buffett
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- Berkshire Hathaway shrinks cash pile in Buffett’s last act as CEO. Here’s how successor Greg Abel is now looking to spend. MarketWatch
- Greg Abel tells Berkshire investors its cash holdings are not a retreat from dealmaking Financial Times
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