Will Greg Abel Reverse Warren Buffett’s ‘Mistake’ as Berkshire Hathaway’s New CEO?

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It is not just another leadership transition at an enterprise but the end of an era as the “Oracle of Omaha” hangs up his boots. Buffett would go down in history as among the best—if not the best—investors of all time. Known for his value investing credentials and witty quotes, the nonagenarian’s investment principles are followed by many investors, including this writer.Notably, apart from Abel taking over as Berkshire’s CEO, several other significant changes are underway at the $1.1 trillion conglomerate. Tedd Combs, for instance, has resigned from the company to join J.P. Morgan Chase (JPM), where he will head the $10 billion “Strategic Investment Group.”Dear UiPath Stock Fans, Mark Your Calendars for January 2How to Buy PYPL for a 29% Discount, or Achieve a 7% Annual ReturnApple is an Analyst Favorite, But AAPL Stock Has Been Flat - Shorting Puts Is the Best PlayGet exclusive insights with the FREE Barchart Brief newsletter. Subscribe now for quick, incisive midday market analysis you won't find anywhere else.Berkshire’s CFO, Marc Hamburg, also intends to retire next year and will be succeeded by Charles Chang, who is currently the CFO of Berkshire Hathaway Energy. Berkshire has appointed NetJets’ CEO, Adam Johnson, as the president of the company’s consumer products, services, and retailing businesses. The company also got its first general counsel in the form of Michael O’Sullivan.www.barchart.comOne of Buffett's hallmarks has been humility, and he has admitted to making many mistakes, which include both omission and commission. He, for instance, regrets not buying Amazon (AMZN) and Alphabet (GOOG) (GOOGL) early. The investing great has acknowledged that he was wrong about IBM (IBM) and airlines and said that he sold Disney (DIS) and Apple (AAPL) shares early. He also admitted to overpaying for Precision Castparts and Kraft during the merger with Heinz (KHC).Meanwhile, Berkshire bought 17.8 million Alphabet shares in Q3, which were valued at around $4.3 billion at the end of September. While we don’t know as yet whether the investment decision was taken by Buffett, Abel, or either of Ted Weschler and Todd Combs, the size of the investment seems to suggest that it was either Buffett or Abel.There are bound to be changes at Berkshire after Buffett retires as the CEO. However, since he will continue to be the chairman of the board of directors, there will be some continuity. Furthermore, Abel has vowed to preserve the culture at Berkshire that Buffett built over many decades.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P 5006,845.50 -50.74 (-0.74%)Dow 3048,063.29 -303.77 (-0.63%)Nasdaq23,241.99 -177.09 (-0.76%)Russell 20002,481.91 -18.68 (-0.75%)VIX14.95 0.00 (0.00%)Gold4,352.40 +11.30 (+0.26%)Trending tickersBTC-USD Bitcoin USD 88,668.60 +1,128.55 (+1.29%)ETH-USD Ethereum USD 3,004.24 +33.63 (+1.13%)XRP-USD XRP USD 1.88 +0.04 (+2.01%)DOGE-USD Dogecoin USD 0.13 +0.01 (+7.86%)SOL-USD Solana USD 126.79 +2.07 (+1.66%)PortfolioSign in to access your portfolioSign inTop gainersAXSM Axsome Therapeutics, Inc. 182.64 +33.85 (+22.75%)PSNY Polestar Automotive Holding UK PLC 21.37 +1.88 (+9.65%)ONDS Ondas Holdings Inc. 9.76 +0.77 (+8.57%)DJT Trump Media & Technology Group Corp. 13.24 +0.67 (+5.33%)PBF PBF Energy Inc. 27.12 +1.08 (+4.15%)Top losersCORT Corcept Therapeutics Incorporated 34.80 -35.40 (-50.42%)QXO QXO, Inc. 19.29 -1.75 (-8.32%)RGC Regencell Bioscience Holdings Limited 21.00 -1.90 (-8.30%)NIO NIO Inc. 5.10 -0.40 (-7.27%)PSLV Sprott Physical Silver Trust 23.65 -1.57 (-6.23%)Most activeONDS Ondas Holdings Inc. 9.76 +0.77 (+8.57%)NVDA NVIDIA Corporation 186.50 -1.04 (-0.55%)PLUG Plug Power Inc. 1.9700 +0.0350 (+1.81%)NIO NIO Inc. 5.10 -0.40 (-7.27%)TSLA Tesla, Inc. 449.72 -4.52 (-1.00%)Top economic eventsEarnings eventsMy earnings eventsEarnings events