Warren Buffett says Greg Abel will make Berkshire Hathaway investing decisions when he's gone
Berkshire Hathaway Chairman and CEO Warren Buffett presides over the 2024 Berkshire Hathaway annual meeting. Buffett answers a shareholder question about who will manage capital allocation after his departure. Watch the full coverage of Berkshire Hathaway annual shareholders meeting on www.cnbc.com/.
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Пікірлер: 111
Mr Abel should be very proud to earn the trust of a man like Mr Buffet. Salute Mr Abel.
@platoscavealum902
20 күн бұрын
🫡
@mysticjedi6730
8 сағат бұрын
Maybe he will start investing in cash flow assets instead of ponzi assets.. then they can take that money and pay a dividend to shareholders...
Charlie is greatly missed.😢
@MorrisBenton48
21 күн бұрын
😢So true.
@smallbeans101
21 күн бұрын
😭😭😭
@ChupraCumbra
20 күн бұрын
Really isn't.
@Dave-ji1yp
18 күн бұрын
THERE WILL NEVER BE ANOTHER WARREN OR A CHARLIE...👍👍
This is sad that buffet is the only person now:(
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8 күн бұрын
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8 күн бұрын
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8 күн бұрын
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8 күн бұрын
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Buffett has tons of charisma (as did Munger) and Abel literally has zero. I'm sure he's a fine executive, but it won't be the same.
@ArtHoward
21 күн бұрын
Buffett and Berkshire's success has been the result of a cult of personality, even moreso than about investing smarts. This new guy is doubtless a smart and kind man, but people ain't gonna fill an arena to hear him speak.
@ricasperger
21 күн бұрын
Give him a chance at least
@user-qp6wm4bg1i
21 күн бұрын
@@ricasperger I'm sure he'll do fine, and shareholders will continue reaping rewards. But the days of BH being an American cultural phenomenon undoubtedly will end with Warren's passing. Greg Abel investment decisions won't move markets, and shareholder meetings will no longer be Woodstock for capitalists.etc. No one could have carried that torch, especially no one this low-key and boring.
@ChupraCumbra
20 күн бұрын
Buffet got Becky.....weird.
@magalengo
19 күн бұрын
Yeah Greg seems like a local police chief that has total power. If someone asks him a pointed question, he tightens up and gets annoyed.
Charlie is greatly missed! My eyes weren't dry when Warren said "Charlie?" accidentally when he meant to say "Greg?". Having said I really missed Charlie, I think Warren is known to make all the important decisions (good and bad ones) without waiting for nor requiring Charlie's approval. Still, it was so nice to having Charlie as sounding board or to chat when Warren needed and vice versa (re BYD and Costco all those years ago).
@magalengo
21 күн бұрын
Yes, unfortunately it seems Buffett has largely ignored almost everything Charlie recommended over the last 10 years. Mohnish Pabrai mentioned several times that Charlie seemed very frustrated with Buffett’s capital allocation over the last many years. I guess that is what happens when you are the junior partner, and Buffett the senior partner holds all the real power. I had a great admiration for Charlie and learned far more from him compared to Warren.
@sakakaka4064
18 күн бұрын
@@magalengo Do you know exactly what he meant? Charlie had some weird ideas e.g. investing in China. No wonder Buffett did not want to fulfill his ideas fully.
@magalengo
18 күн бұрын
@@sakakaka4064 The insistence on holding excessive amounts of cash. And the refusal to purchase meaningful amounts of even the most conservative investment, Berkshire’s own shares. Not buying Google, Costco etc. Even to purchase the BYD investment, Charlie was told “no” numerous times, and was only given a relatively small amount of capital for the investment.
@magalengo
18 күн бұрын
@@sakakaka4064 Also, consider that Buffett invested in Petro China which made billions. And BYD made billions, so saying that investing in China is a weird or bad idea doesn’t seem correct to me.
@sakakaka4064
18 күн бұрын
@@magalengo Everybody that knows anything about authoritarianism expected that China will smack foreign investors sooner or later. Chinese stock market was a hot potato from the very beginning
Greg is the new emperor
I wish we had more companies that instead of buying businesses and taking them private, stayed a public holding enterprise like $BRK.A
Berkshire is, in a sense, is what the original definition of a hedge fund is.
Berkshire will hit a trillion dollar valuation by 2025!! Buy buy buy
@ChupraCumbra
20 күн бұрын
Sell bro.
@joshuamartinez7113
20 күн бұрын
Agreed. I personally believe Berkshire will be in the top 5 highest valued company in the US in the future. Berkshire will become the insurance alternative to equities in my opinion. It is simply a huge compounding machine guaranteed to preserve capital for centuries if stupid decisions are simply avoided.
I think Mr Fudge and Mr Brittle talk a lot of sense
Warren does not sound that great.. his voice is not the same and it has nothing to do with Charlie's passing...nonetheless Warren and Charlie have had a better then expected run. And are the GOATs!!
@user-qp6wm4bg1i
21 күн бұрын
I was shocked at how feeble he sounded relative to even last year. It can go fast in one's mid-90s.
@magalengo
19 күн бұрын
Pride won’t allow him to give up the power and fame. We would all likely do the same. The limelight is a hell of a drug, even at 94 years old.
@Leeds1919LUFC
15 күн бұрын
@@magalengoor he just enjoys his job. What a strange thing to say.
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13 күн бұрын
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13 күн бұрын
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13 күн бұрын
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WARREN BUFFETT A VERY SMART MAN. HE HAS A GOOD CREW...👍👍
End of an era
Berkshire will definitely take a dip when Warren passes away.
@magalengo
21 күн бұрын
I think the opposite.
@crimsonpirate1710
21 күн бұрын
It will be a company that runs aground due to the limited intelligence of those replacing the titans that passed before them.
@brunomanco7529
21 күн бұрын
I think so. But a couple quarters later people will see it still runs the same
@oppamaclare
21 күн бұрын
It will be like when a good sports manager retires. The new person never achieves the same level of success.
@ChupraCumbra
20 күн бұрын
Their returns haven't been that great the last 20 years.
Theres not much fun without Charlie around Such a great mind
@maalikserebryakov
10 күн бұрын
Yeah His dry humour and wit were very entertaining
@kuyajon
9 күн бұрын
@@maalikserebryakov I actually just listen to berkshire to hear few seconds of Charlies wits
final chapter ?
If i was a betting man sadly i think this is his last annual share holder meeting
@crimsonpirate1710
21 күн бұрын
Sadly you might be right.
@jurek8816
21 күн бұрын
I have the same feeling, maybe he will be present in the next meeting but Greg will be the main speaker.
@magalengo
21 күн бұрын
@@jurek8816 I sure hope so
@estevesmartins7935
20 күн бұрын
The tone of the event and his pronouncements surely indicated it.
@dannthegentleman4261
20 күн бұрын
Sounds like the end of an era for sure
Charlie needs his friend. Can feel it in the voice
Miss Charlie's joke.
first time noticing Warren sounding weaker. :(
US treasuries is “going to be” the safest! That means the global order is static. Just because the future has been good to you in the past does not mean it will continue to do so. Past performance even for decades - just like WB’s life he described - can be pure luck & no guarantee of future success.
The fact they're stockpiling money is cause enough to wonder if they think a crash is on the way.
The truth of life is no one has the time to live❤❤🎉🎉 so busy dieing
Ends of Berkshire
📰
Where is he going?????
@momofighter3211
21 күн бұрын
Heaven
@ryen7512
21 күн бұрын
money can buy you everything except time
@victorcoda
21 күн бұрын
Into nonexistence
Berkshire needs more D.E.I.
BNSF earnings are really poor, no accountability in having to answer to public shareholders.
Greg is capable of doing that "I THINK"? Never put all your eggs in one basket.
Warren should have announce his retirement at end.
RIP to berkshire, greg will never ever be able to acheive the investment returns buffet acheive
Less than 5 yrs they will run it straight in the dirt.they will steal it dry😂.its just the obvious..
Damm Becky quick Could get it real Quick .. 😘 xoxo
@ChupraCumbra
20 күн бұрын
Becky likes Hot 🔥 Dog's. Imagine if Becky n W shared the same Quality Inn Grand Suite.
@magalengo
19 күн бұрын
Yes, but she seems like an ice princess. One wrong word could be the end of you 😂
Well there's one thing Warren might be interested in I don't know I'm sure he's busy with his karate training for the upcoming global championships, but there is not one dairy Queen on the moon, 🤔( and with Elon musk and all the others that are trying to colonize the moon for medical research and a million to one other things, it would sure be nice to know there was a dallly bar or an ice cream sandwich easily accessible) 🆗😌😌😌
Damn he sounds like his wits are deteriorating, stuttering and repeating the same things over and over. sad to see, he was a lot more coherent just a few years ago.
@victorcoda
21 күн бұрын
At 94 he is still smarter than you
@magalengo
21 күн бұрын
@@victorcoda Buffett’s capital allocation over the last 10 years says otherwise.
@Allthekingshorses2
21 күн бұрын
@@magalengoso you’re smarter than Buffett? Random KZread comment by a billionaire, ladies and gentlemen….
@collinmiller8866
20 күн бұрын
@@magalengoBahahaha he’s managing nearly a trillion in assets. If you don’t understand why you with maybe a few thousand have beat his returns then you shouldn’t be allocating any money at all (not even your own.) It shows you don’t understand how this games works. His track record is the best in the world. No one has even come close to his skill and expertise.
@ChupraCumbra
20 күн бұрын
Becky might inherit more than the wife....... imagine if it came out they stayed in same Quality Inn suite😂😂😂😂😂
Non farm report 😞😞 was Very BAD. report SHOW THAT USA ECONOMY IS GOING TO HELL TO HARD RECESSION LANDING. ON MONDAY WE WILL SEE A BIG DROPPING IN S P. 2d cutting WILL BE MAYBE AFTER 2D QUARTER OF ....2025!! 😢😢😢 PREPARE FOR MARKET CORRECTION ON MONDAY. forget about rally BE FRIENDS WITH ELEMENTARY LOGIC
@KirkLong-cz3oi
22 күн бұрын
lol. no the market is going to pump because of this meeting
@funface7253
21 күн бұрын
Relax bro
@SigmaShorts911
21 күн бұрын
You literally have no idea wtf you’re saying
@magalengo
21 күн бұрын
OK, let us wager than the market will drop at least 5% on Monday. Willing to wager at least $10,000?