Who will succeed Warren Buffett? Should Berkshire investors be worried?
It's a bit of a cheerless topic, but the greatest investor of all time, Warren Buffett, won't be with us forever and many investors are wondering if their investments will be safe. How will Berkshire Hathaway work without the Oracle?
With the death of Warren Buffett, there may be some uncertainty at Berkshire Hathaway and how the company will carry on without its charismatic leader. However, Buffett created a strong culture and philosophy within the company that will continue to operate after his death. Buffett has also chosen his successors and investment team to continue running the company. And that is where our focus will be. Who will be Buffett's successor?
https://www.youtube.com/watch?v=ee5BzwBCERE
Greg Abel
Buffett himself says they have no concerns about Vice Chairman Greg Abel's ability to lead the conglomerate. Abel already oversees all of Berkshire's businesses ... except insurance companies. So he runs pretty much everything except how to invest Berkshire's nearly $131 billion…
The share price will certainly fall after his departure, the question is whether it will rise again. So that Berkshire doesn't turn into a stock with a P/E of 2 and a sideways chart.
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Greg is great, looks like he's going to follow in Buffett's footsteps. I quite like his opinions and reactions in interviews, Berkshire will (I hope) be in good hands.
Buffett is only one, but I believe he has passed on all the principles to the best people over the years. Look, I'm afraid the stock price is gonna fall a lot anyway. Investors are going to be worried about someone other than him running the show.