Berkshire Hathaway: End Of An Era? The Market's Doubts Won't Last

Summary

• Berkshire Hathaway (BRK.A, BRK.B) will soon enter the Greg Abel era as CEO, with Warren Buffett remaining Chair to ensure continuity, as he hands over the reins to Abel.
• Recent Alphabet (GOOGL) purchase signals an interesting development, which also involved relatively high multiples, posting probing questions about who made that call?
• Key management changes, including departures of key lieutenants, raise questions about Abel's strategic direction in the post-Buffett era.
• Abel's early moves after he assumes CEO will be scrutinized for signals into his capital allocation and management philosophy, which could induce volatility.
• With Berkshire stock having already reflected a discount to account for Buffett's impending departure, buyers should relish the chance to buy more now.