Buffett, Berkshire and Greg Abel
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For Buffett, there's an extra layer of complexity because earnings get plowed back into Berkshire Hathaway ( BRK.A -1.59%) ( BRK.B -1.68%) and provide money for other parts of the business, increasing the total value of the company.
Legendary investor Warren Buffett is a tough act to follow. But the “Oracle of Omaha” said his successor Greg Abel is ready for the challenge.
Warren Buffett’s retirement as CEO overshadowed Berkshire Hathaway’s results. While wildfire losses hurt results, GEICO saw marked improvement, and the cash hoard grew.