Berkshire’s New CEO: Greg Abel 3/5/26

Berkshire Hathaway's CEO, Greg Abel, joins the show to discuss the company's recent activities and his perspective on its future. Abel highlights Berkshire Hathaway's recommencement of share repurchases, driven by the belief that the intrinsic value exceeds the market price, and his decision to reinvest his entire after-tax salary into Berkshire shares to demonstrate alignment with shareholders. He addresses concerns about Kraft Heinz's planned split, expressing support for pausing it to address underlying challenges. Abel also touches on the potential S&P downgrade of Pacific Core utility due to wildfire-related liabilities, emphasizing the importance of upholding the regulatory compact. He maintains that Berkshire will retain a dollar if they see the opportunity to create more than a dollar for their shareholders.