Berkshire's Biggest New Position Came From Warren Buffett, Not From Greg Abel
Key PointsGreg Abel took over as CEO of Berkshire Hathaway at the start of 2026.
At the beginning of 2026, Berkshire Hathaway underwent significant changes when Greg Abel succeeded Warren Buffett as CEO, while Buffett assumed the position of president of the board. However, the extent of these changes in terms of stock selection remained largely unchanged. This is evidenced by Buffett's admission of making a substantial investment in Alphabet during the second quarter of 2026. Despite this, it appears that the overall outcome may be optimal.
Warren Buffett's investment success is primarily attributed to his ability to purchase well-managed businesses at reasonable prices and maintain them over the long term. His investment prowess was not derived from his skills in managing the acquired businesses directly. Instead, Buffett is renowned for his hands-off approach, allowing the CEOs of the businesses he acquired to govern them without his intervention.
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