Greg Abel’s Unique Challenge
Greg Abel takes over as Chief Executive Officer of Berkshire Hathaway on January 1, 2026, a job that will involve at least three major challenges ...
Warren Buffett’s Final Brushstrokes
Warren Buffett is retiring as CEO of Berkshire Hathaway but he may still make a few final brushstrokes on his canvas as Chairman ...
Berkshire Hathaway’s Diamond Anniversary
Warren Buffett took control of Berkshire Hathaway sixty years ago. It is possible that major announcements will be made at the annual meeting ...
Berkshire Hathaway’s Culture in 2050
By mid-century, changes in Berkshire Hathaway's voting control could make a breakup of the conglomerate likely ...
Berkshire Hathaway’s 2023 Q&A Session
Warren Buffett and Charlie Munger answer nearly fifty questions in a five hour marathon session prior to Berkshire Hathaway's 2023 annual meeting ...
The Case for Splitting Berkshire’s Class A Shares
A stock split would have no effect on a Berkshire's intrinsic value, but could keep super-voting Class A shares in the hands of longtime shareholders ...
Berkshire’s Future Depends on Voting Control
Berkshire Hathaway's dual class share structure concentrates voting power with Class A shareholders. This advantage will become much more important in the future ...
Berkshire’s CEO Succession: A Brief Look at Incentives
Greg Abel is likely to be named as the next CEO of Berkshire Hathaway. How should shareholders think about the alignment of incentives at the company once CEO succession occurs? ...
The Digest #80
Berkshire Succession, Excess Efficiency, Crazy Ideas, Taleb's Mini-Lessons, VISA ...
Margin of Trust: The Berkshire Business Model
"Buffett trusts me so much with Berkshire's money that I am even more careful in handling Berkshire capital than in handling my own." -- Bruce Whitman, former CEO of FlightSafety International Trust takes a long period of time to fully ...
How to Read the Berkshire Hathaway Annual Report
The release of Warren Buffett's annual letter to shareholders is one of the most important events of the year for value investors.  This year, the significance of the letter is accentuated by the fact that fifty years have passed since ...
Berkshire Beyond Buffett: The Enduring Value of Values
In Berkshire Beyond Buffett, George Washington University Professor Lawrence Cunningham paints a compelling portrait of Berkshire's culture that demonstrates how Mr. Buffett's skills as a manager have been key to the company's growth over the past two decades. Read this ...
Sokol’s Resignation Raises Questions Regarding Lubrizol Transaction
In a press release issued this afternoon, Berkshire Hathaway Chairman and CEO Warren Buffett announced the resignation of David Sokol. Mr. Sokol served as Chairman of several Berkshire subsidiaries and many observers, including The Rational Walk, previously believed that he ...
Berkshire’s Ajit Jain Comments on Indian Insurance Market, Japan, and Succession Issues
The Times of India has published a rare interview with Ajit Jain which coincides with Warren Buffett's arrival in Bangalore today. Mr. Buffett's trip to India coincides with the company's entry into the Indian auto insurance industry through Berkshireinsurance.com, a ...
Buffett’s Biographer Calls for More Disclosure on Berkshire Succession
Alice Schroeder, author of The Snowball: Warren Buffett and the Business of Life, has written an op-ed article for The Financial Times ahead of Saturday's release of Berkshire Hathaway's annual report. In the article, Ms. Schroeder urges Warren Buffett to ...
What We Know (And Don’t Know) About Berkshire’s Succession Planning
Warren Buffett's leadership over nearly five decades has resulted in an unparalleled track record and thousands of loyal shareholders, many of whom have invested in the company mainly due to Mr. Buffett's presence. Succession planning in a situation where the ...
Sokol May Increase Stake in Middleburg Financial
While Todd Combs has been at the center of a frenzy of speculation regarding Berkshire Hathaway's succession planning this week, longtime Berkshire shareholders understand that the choice of a future Chief Executive Officer is a far more important question. The ...
Buffett Plans to Work Past 100 by ‘Thinking Outside the Box’
Warren Buffett turns 80 years old on Monday and apparently has not run out of puns just yet. Mr. Buffett has always indicated that he intends to work as long as he is capable of doing the job. Those who ...
Sokol Restores NetJets to Profitability But Not Without Controversy
It is rare to read about boardroom drama and controversy within the diverse group of Berkshire Hathaway subsidiaries. Warren Buffett routinely makes a point of his preference to purchase businesses that are already well run and to then leave management ...
Munger: Li Lu’s Future at Berkshire Hathaway is a “Foregone Conclusion”
In a groundbreaking Wall Street Journal article to be published in tomorrow's newspaper, Berkshire Hathaway Vice Chairman Charlie Munger all but confirms that Li Lu will become one of Berkshire Hathaway's top investment managers. We have previously covered Li Lu ...