These 8 Words From Warren Buffett Suggest the Former Berkshire Hathaway CEO Still Has a Huge Impact on the Business Warren Buffett may no longer be the CEO of Berkshire Hathaway (NYSE: BRKA)(NYSE: BRKB), but that doesn’t mean the billionaire investor is no longer a big part of…
e business. New CEO Greg Abel has not only learned a lot from Buffett over the years and follows a similar approach, but he also continues to talk regularly with him
While Buffett is no longer in charge, he admits that he and Abel see eye to eye on what the company is doing, even going so far as to say, “He’s not doing anything I don’t approve of.” Berkshire’s approach remains the same under Abel Buffett’s claim that Abel isn’t doing anything he doesn’t approve of may sound like Buffett is still in charge, but it’s instead symbolic of how aligned the two are in their approaches. Buffett admits that he also isn’t doing anything that Abel doesn’t approve of. While there have been some notable changes in the stocks that Berkshire owns recently, the methodology for picking investments remains the same: investing in quality companies with strong competitive advantages.
Apple, American Express, and Coca-Cola remain the top holdings in Berkshire’s portfolio, accounting for 45% of it. The most notable change, adding Alphabet to the portfolio and it now being among the top-five holdings, was a move that Buffett admits he initiated. For Berkshire investors, this means that while there has been a change in leadership, it’s effectively run in the same manner it would be if Buffett were still in charge.