Ah, yes—Todd Combs and Ted Weschler, the two investment managers Buffett hired to handle the stock portfolio. They’re great. Really great. But they’re investors, not operators. Abel is the guy who runs things. He’s the captain of the ship, while they’re the navigators.
Berkshire Hathaway Board Affirms Support for Greg Abel as Warren
Buffett made it crystal clear: when he steps away, Abel gets the whole boat. The CEO role, the chairman role, the whole enchilada. And here’s the kicker: Abel is only 62. That’s practically a teenager in CEO years. He could run Berkshire for another twenty years. Twenty. Years.
So while the world obsesses over Elon’s tweets and Jeff’s yachts, Greg Abel is quietly becoming the most powerful unknown man in business. Isn’t that a little absurd? Yeah, but also refreshing.
Will He Change Everything?
Probably not. And that’s the point. Berkshire’s magic is its long-term, no-nonsense culture. Abel has already said he wants to keep Buffett’s decentralized system—letting managers run their companies without interference. If it ain’t broke, don’t upgrade it to a Tesla, right?
But he might push harder into renewable energy. He might buy a few more utilities. He might even buy a whole country. (Okay, that last one’s a joke. But with Berkshire’s cash pile, it’s not completely impossible.)
Warren Buffett designated successor at Berkshire Hathaway is Greg Abel
The point is: Greg Abel isn’t here to be the next Warren Buffett. He’s here to be the first Greg Abel. And honestly? That sounds like a pretty good plan.
