Back to News
investment

New Berkshire Hathaway CEO still talks with Warren Buffett nearly every day

CNBC
Loading...
3 min read
0 likes
⚡ Quantum Brief
Greg Abel, the new CEO, maintains daily contact with Warren Buffett, who remains chairman and active in Berkshire Hathaway’s Omaha office despite stepping down in early 2026. Abel called Buffett’s shareholder communication legacy daunting, admitting his first annual letter was the hardest task, with Buffett offering little reassurance about future letters. The conglomerate will avoid cryptocurrencies, aligning with Buffett’s skepticism, as Abel stated, “I don’t think you’ll see crypto,” reinforcing Berkshire’s traditional investment stance. Technology remains a potential focus, with Abel noting Berkshire’s growing operational reliance on tech could inform future investments in tech-driven companies or solutions. Abel emphasized preserving Buffett’s disciplined investing framework, vowing to uphold the financial strength and long-term strategy that defined Berkshire since the 1960s.
AI Audio Summary
0:00 / 0:00
Click to play
generated-image (59).png
Quantum News · Media Library

Berkshire Hathaway CEO Greg Abel said he still speaks with Warren Buffett nearly every day, underscoring the continued presence of the legendary investor at the sprawling conglomerate, even after handing over the top job at the start of the year.Buffett, who stepped down as CEO after more than six decades at the helm, remains chairman of the Omaha, Nebraska-based company and continues to come into the office regularly, Abel said."He's in the office every day, so we're talking every day if I'm in Omaha, we're always connecting," Abel said Thursday on CNBC's "Squawk Box." "If I'm traveling, like I was yesterday, I often check in just to catch up on what he's seeing, what he's hearing, what am I feeling. So if it's not every day, it's every couple days."Abel also acknowledged the challenge of stepping into Buffett's role as Berkshire's chief communicator to shareholders, particularly when writing his first annual letter to investors."The shoes to fill are tough on all fronts, but Warren is an exceptional communicator," Abel said. "It was not easy. I've told Warren, 'listen, the responsibilities transferred are great, but as far as the work and the task I had to do, that was the toughest.'"Abel used the letter to shareholders to outline a clear framework of foundational values centered on financial strength and disciplined investing, vowing to preserve the blueprint Buffett carefully orchestrated since the 1960s.Buffett offered little comfort, Abel added with a laugh. "When we were discussing it, he said, 'the second letter doesn't get any easier.'"On investing, Abel said Berkshire is unlikely to move into cryptocurrencies, echoing Buffett's long-standing skepticism of the asset class."I don't think you'll see crypto ... I just don't see it," Abel said.He left the door open to investments tied to technology, however. "What I do see is that when it comes to technology, even from an operational perspective, where we're seeing how we use it, the impact it's having, it does allow us to develop strong views and a better knowledge base around certain companies that are technology companies, or how we're using the technology. So technology will always be on the table," Abel said. Got a confidential news tip? We want to hear from you.Sign up for free newsletters and get more CNBC delivered to your inboxGet this delivered to your inbox, and more info about our products and services.© 2026 Versant Media, LLC.

All Rights Reserved. A Versant Media Company. Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Data also provided by

Read Original

Source Information

Discussion

0 professional contributions

Sign in to join this professional discussion.

Be the first to add a constructive contribution.