Kevin Carpenter

Catch up on all of the latest Warren Buffett and Berkshire Hathaway news before tomorrow’s annual meeting! kingswell.io/p/the-berkshir…

BUFFETT: There is less risk in owning three easy-to-identify, wonderful businesses than there is in owning fifty well-known, big businesses. MUNGER: What he's saying is that much of what is taught at modern corporate finance courses is twaddle. 🤣

Berkshire Hathaway vice chairman Ajit Jain: "Insurance, much like investing, is a game that requires patience. It is very difficult to get people to sit back and do nothing." "The real test of being successful is the ability to say no."

Greg Abel: "When we need to make changes, we should make the changes." "I watch how the businesses are evolving. Yes, we've got great teams — but how do we supplement it and make sure they are successful? That was a great lesson very early in my career."

Warren Buffett: "It isn't our ideal environment in terms of deploying cash for Berkshire." "We can pick our spots and nobody can tell us what to do exactly — so sometimes we're doing nothing. But, other times, we get quite active."

@concentr8dvalue Agreed!

@kejca Munger would be proud

Greg Abel describes one of his proudest moments. "[A deposition] said, 'How would you describe Greg as a CEO and a manager?' And they said, 'Well, all he says is no.'" "That's part of management — including investment. You have to be disciplined and ready to say no."

@LonestarMoney I’m optimistic long-term. The more I hear from Abel, the more confident I get. I pretty much plan on owning for life.

@kejca What are your thoughts on $BRK.B moving forward?

Berkshire Hathaway's share repurchases in Q1 2026.

"Thank you for this remarkable experience," says Abel. "I look forward to seeing you next May." And, with that, I bid you adieu.

Abel says he is absolutely aligned with Buffett in terms of margin of safety and understanding businesses. Particularly in considering risk first and foremost. "We want Berkshire to endure. You always need a single leader, but you [also] surround yourself with great people."

Greg Abel takes the stage at Berkshire Hathaway's 2026 annual shareholders meeting. Follow along right here for all of the most important news and comments from the morning and afternoon Q&A sessions.

@ChrisFried78 Congrats! It was a good one!

@kejca That was my question!