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Greg Abel, who is expected to be successful in Buffett as CEO, told the shareholders that the company’s investment philosophy would not change if he took over.
Abel said he would begin to maintain Berkshire’s reputation and a “balance of a balance”, which not only provides Berkshire the ability to make great investments. But it protects and prevents trust in a bank or other companies.
“The assignment of capital will be absolutely critical, but it means managing the risk,” said Abel.