Greg Abel, who is widely expected to succeed Buffett as CEO, told shareholders that the company’s investment philosophy wouldn’t change if he takes over.
Abel said that would start with maintaining Berkshire’s reputation and a “fortress of a balance sheet,” which not only gives Berkshire the ability to make large investments. but protects and keeps it from relying on a bank or other companies.
“Allocation of capital will be absolutely critical but it comes with managing risk,” Abel said.
DJ Kamal Mustafa
I’m DJ Kamal Mustafa, the founder and Editor-in-Chief of EMEA Tribune, a digital news platform that focuses on critical stories from Europe, the Middle East, Africa, and Pakistan. With a deep passion for investigative journalism, I’ve built a reputation for delivering exclusive, thought-provoking reports that highlight the region’s most pressing issues.
I’ve been a journalist for over 10 years, and I’m currently associated with EMEA Tribune, ARY News, Daily Times, Samaa TV, Minute Mirror, and many other media outlets. Throughout my career, I’ve remained committed to uncovering the truth and providing valuable insights that inform and engage the public.
