Berkshire Hathaway Vice Chairman Greg Abel poses for pictures with shareholders while touring the booths Berkshires companies set up, Friday, May 3, 2024, in Omaha, Neb. Abel will succeed Warren Buffett as CEO one day.
"I think stock picking is hard. I don’t think it’s something you can just start doing and be good at it," Shanahan said. “Does that give you more or less confidence post-Buffett? I would say it’s got to give you less — not because it’s a worse circumstance — but because it hasn’t been very transparent and communicated that clearly. You’ve got to start asking, well, what else is going to change?” said Cole Smead with Smead Capital Management.
See's Candies CEO Pat Egan added that Abel reflects all of Berkshire's core values, with the company's emphasis on integrity, taking care of customers and strengthening brands, while still giving Berkshire's subsidiaries the freedom to operate independently.
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