economy
February 28, 2026
Berkshire CEO Greg Abel vows to keep Buffett's culture of disciplined investing in first annual letter
Berkshire Hathaway's Greg Abel released his first annual shareholder letter as chief executive.
TL;DR
- Greg Abel, in his first shareholder letter as CEO, vows to continue Berkshire Hathaway's culture of financial conservatism and disciplined investing.
- He plans to preserve the company's financial strength by using debt sparingly and maintaining substantial liquidity.
- Abel highlighted a decentralized management model and a reputation for integrity as foundational values.
- Berkshire's significant cash pile of $373.3 billion is viewed as strategic for acting on opportunities without jeopardizing resilience.
- The company will maintain its resistance to paying dividends, believing retained earnings can create more value for shareholders.
- Abel confirmed he will directly oversee Berkshire's equity portfolio, which will remain concentrated in long-term holdings of companies like Apple, American Express, Coca-Cola, and Moody's.
- He views his role as a long-term commitment, aiming to strengthen Berkshire over decades.
- Warren Buffett remains actively engaged as chairman, visiting the office daily and providing input.
Continue reading the original article