Wall Street urges Greg Abel to build confidence with ownership and tighter control

Wall Street is making its expectations for Greg Abel clear as he gets ready to take over Berkshire Hathaway from Warren Buffett in less than two weeks from now. The leadership change has already moved the stock, with Berkshire’s B shares dropping 15% after Warren announced at the May annual meeting that he would leave the CEO role at year-end, before trimming that slide to 8.4% by Friday’s close. Wall Street urges Greg Abel to build confidence with ownership and tighter control Yahoo Finance reported that Bill Stone, the CIO at Glenview Trust, said the most important thing Greg can do is “don’t try to be Warren Buffett.” Bill called Warren and Charlie Munger the “greatest duo ever” in investing and added that “trying to beat them at their game…is probably not the right thing.” Bill also said Greg should focus on boosting operating earnings, cutting outstanding shares, and being...

https://www.cryptopolitan.com/greg-abel-shouldnt-try-to-be-warren/