Warren Buffet's Succession Pick Raises Doubts as Analysts Question Future CEO Greg Abel's Stock Picking Prowess
By : Benzinga
Published On: 2024-05-06
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00:34
Warren Buffett announced that Berkshire Hathaway's future CEO, Greg Abel, will oversee the company's investments, despite Abel's lack of stock-picking experience. Analysts question if Abel has the experience needed for stock picking given its challenges, though he understands the business well. Buffett previously said investment managers Weschler and Combs would handle investments, but now says Abel would "probably" do it. Abel has experience making multibillion-dollar deals during a decade leading Berkshire's utilities, but not stock picking.
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