Special topic9potsofgoldLive broadcast: Buffett's 2024 shareholders' meeting hit
Buffett said9potsofgoldBerkshire Hathaway's investment decisions, including those involving equity portfolios, will fall on its planned successor, Greg Abel.
"I think Greg should take full responsibility," Buffett said. " "the responsibility has always been on me, and I have outsourced some of the responsibility. I used to have different views on how to deal with these responsibilities, but I think the responsibility should rest with the CEO. "
"whether the CEO's decision helps to perform this responsibility or not, it depends on his or her decision when managing the money. I want to say that as Berkshire's capital has become so large, my ideas have developed to some extent. " "We don't want 200 people to manage $1 billion each, which won't work." While Buffett has made it clear that Abel, vice chairman of the non-insurance business, will take over as chief executive, there are questions about who will control Berkshire's public equity portfolio.
Buffett has attracted a large following by making huge returns on investments in companies such as Coca-Cola and Apple.
Berkshire's investment managers Todd Combs and Ted Weschler, both former hedge fund managers, have helped Buffett manage a small portion of his equity portfolio over the past decade or so.