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Buffett's multiple warnings convey the same message: Beware of an overvalued stock market.
Wall Street and analysts express expectations for Greg Abel as he prepares to lead Berkshire Hathaway, emphasizing confidence-building through ownership and tighter control. They advise against mimicking Warren Buffett, suggest focusing on operating earnings, and recommend personal investment in Berkshire stock. Analysts foresee potential changes in portfolio focus and caution about losing the "Buffett premium."
Warren Buffett is stepping down as Berkshire Hathaway's CEO, with Greg Abel taking over. Wall Street advises Abel to focus on operating earnings and management oversight. Abel owns $171 million in Berkshire shares. Berkshire's BNSF opposes Union Pacific and Norfolk Southern's merger, citing threats to consumers. Analysts are optimistic about Berkshire's future under Abel, despite concerns about losing the "Buffett premium."