Warren Buffett says Greg Abel will make Berkshire Hathaway investing decisions when he's gone

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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: 112

@billrentz9133 28 күн бұрын

Mr Abel should be very proud to earn the trust of a man like Mr Buffet. Salute Mr Abel.

@platoscavealum902 27 күн бұрын

🫡

@mysticjedi6730 6 күн 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...

@UNCLETQB 28 күн бұрын

Charlie is greatly missed.😢

@MorrisBenton48 28 күн бұрын

😢So true.

@smallbeans101 28 күн бұрын

😭😭😭

@ChupraCumbra 26 күн бұрын

Really isn't.

@Dave-ji1yp 24 күн бұрын

THERE WILL NEVER BE ANOTHER WARREN OR A CHARLIE...👍👍

@clenndesigns7338 28 күн бұрын

This is sad that buffet is the only person now:(

@dianarabbanii2 14 күн бұрын

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@user-qp6wm4bg1i 28 күн бұрын

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 28 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 27 күн бұрын

Give him a chance at least

@user-qp6wm4bg1i 27 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 26 күн бұрын

Buffet got Becky.....weird.

@magalengo 26 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.

@c-note 28 күн бұрын

I wish we had more companies that instead of buying businesses and taking them private, stayed a public holding enterprise like $BRK.A

@georgesotiriou7051 28 күн бұрын

Greg is the new emperor

@Dave-ji1yp 24 күн бұрын

WARREN BUFFETT A VERY SMART MAN. HE HAS A GOOD CREW...👍👍

@smallbeans101 28 күн бұрын

Berkshire will hit a trillion dollar valuation by 2025!! Buy buy buy

@ChupraCumbra 26 күн бұрын

Sell bro.

@joshuamartinez7113 26 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.

@BrettaANordsiek 20 күн бұрын

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@lucaswilliams9992 20 күн бұрын

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@winningloser160 28 күн бұрын

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 28 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 26 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 21 күн бұрын

@@magalengoor he just enjoys his job. What a strange thing to say.

@christ1159 Күн бұрын

@@Leeds1919LUFChe’s a greedy miserly old man hiding behind his fake philanthropy

@collinmiller8866 27 күн бұрын

Berkshire is, in a sense, is what the original definition of a hedge fund is.

@rosebery101 27 күн бұрын

I think Mr Fudge and Mr Brittle talk a lot of sense

@KemptonLam 28 күн бұрын

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 27 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 24 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 24 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 24 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 24 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

@kuyajon 20 күн бұрын

Theres not much fun without Charlie around Such a great mind

@maalikserebryakov 16 күн бұрын

Yeah His dry humour and wit were very entertaining

@kuyajon 16 күн бұрын

@@maalikserebryakov I actually just listen to berkshire to hear few seconds of Charlies wits

@momofighter3211 28 күн бұрын

End of an era

@Anonyoussisbeke 28 күн бұрын

Berkshire will definitely take a dip when Warren passes away.

@magalengo 28 күн бұрын

I think the opposite.

@crimsonpirate1710 27 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 27 күн бұрын

I think so. But a couple quarters later people will see it still runs the same

@oppamaclare 27 күн бұрын

It will be like when a good sports manager retires. The new person never achieves the same level of success.

@ChupraCumbra 26 күн бұрын

Their returns haven't been that great the last 20 years.

@dogwoodish 6 күн бұрын

final chapter ?

@pebos1234567890 28 күн бұрын

If i was a betting man sadly i think this is his last annual share holder meeting

@crimsonpirate1710 27 күн бұрын

Sadly you might be right.

@jurek8816 27 күн бұрын

I have the same feeling, maybe he will be present in the next meeting but Greg will be the main speaker.

@magalengo 27 күн бұрын

@@jurek8816 I sure hope so

@estevesmartins7935 26 күн бұрын

The tone of the event and his pronouncements surely indicated it.

@dannthegentleman4261 26 күн бұрын

Sounds like the end of an era for sure

@chaowei8150 26 күн бұрын

Charlie needs his friend. Can feel it in the voice

@SH-np8hz 27 күн бұрын

Miss Charlie's joke.

@Gengingen 26 күн бұрын

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.

@deanfaklaris9987 27 күн бұрын

first time noticing Warren sounding weaker. :(

@capri2673 11 күн бұрын

The fact they're stockpiling money is cause enough to wonder if they think a crash is on the way.

@luciobarbato1461 23 күн бұрын

Ends of Berkshire

@AA-ke5cu 22 күн бұрын

Greg is capable of doing that "I THINK"? Never put all your eggs in one basket.

@shankarbalakrishnan2360 23 күн бұрын

The truth of life is no one has the time to live❤❤🎉🎉 so busy dieing

@victormkhaliphi2778 28 күн бұрын

Where is he going?????

@momofighter3211 28 күн бұрын

Heaven

@ryen7512 28 күн бұрын

money can buy you everything except time

@victorcoda 28 күн бұрын

Into nonexistence

@victorkaps6617 23 күн бұрын

Berkshire needs more D.E.I.

@magalengo 28 күн бұрын

BNSF earnings are really poor, no accountability in having to answer to public shareholders.

@platoscavealum902 27 күн бұрын

📰

@fearmetoo-le8dw 11 күн бұрын

RIP to berkshire, greg will never ever be able to acheive the investment returns buffet acheive

@snowballs2023 14 күн бұрын

Warren should have announce his retirement at end.

@thomaswilson7441 20 күн бұрын

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) 🆗😌😌😌

@bkh5746 21 күн бұрын

Less than 5 yrs they will run it straight in the dirt.they will steal it dry😂.its just the obvious..

@Brokeloco 28 күн бұрын

Damm Becky quick Could get it real Quick .. 😘 xoxo

@ChupraCumbra 26 күн бұрын

Becky likes Hot 🔥 Dog's. Imagine if Becky n W shared the same Quality Inn Grand Suite.

@magalengo 26 күн бұрын

Yes, but she seems like an ice princess. One wrong word could be the end of you 😂

@zzkzz7727 28 күн бұрын

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 28 күн бұрын

At 94 he is still smarter than you

@magalengo 27 күн бұрын

@@victorcoda Buffett’s capital allocation over the last 10 years says otherwise.

@Allthekingshorses2 27 күн бұрын

@@magalengoso you’re smarter than Buffett? Random KZfaq comment by a billionaire, ladies and gentlemen….

@collinmiller8866 27 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 26 күн бұрын

Becky might inherit more than the wife....... imagine if it came out they stayed in same Quality Inn suite😂😂😂😂😂

@user-Tb132jk00fB 28 күн бұрын

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 28 күн бұрын

lol. no the market is going to pump because of this meeting

@funface7253 28 күн бұрын

Relax bro

@SigmaShorts911 28 күн бұрын

You literally have no idea wtf you’re saying

@magalengo 28 күн бұрын

OK, let us wager than the market will drop at least 5% on Monday. Willing to wager at least $10,000?