After Buffett: Greg Abel's Berkshire test, says R360's Barbara Goodstein

Core Viewpoint - Berkshire Hathaway has experienced significant growth, gaining approximately 6,000,000% since Warren Buffett took over, compared to the S&P's 46,000% increase [1] Investment Attractiveness - The attractiveness of Berkshire Hathaway remains strong despite concerns about Warren Buffett's eventual succession, as the company is still respected for its investment strategies [2] - There is a perceived "succession discount" in the stock price, as investors await the performance of Greg Abel, who is expected to take over [3] Cash Reserves and Investment Opportunities - Berkshire Hathaway currently holds a cash pile of $382 billion, which presents opportunities for future investments [4] - Potential areas for investment include railroads and energy, with a focus on achieving returns above the risk-free rate of approximately 4% [5][6] Sector Focus - Energy and defense sectors are highlighted as having significant upside potential in the coming years [7] - The company is also expected to explore international markets, building on previous successful investments in Japan [14] Future Moves and Strategic Planning - Greg Abel's ability to make significant investments will be closely monitored, with expectations that he will make strategic moves in the near future [10][12] - The performance benchmarks for Abel include achieving returns that exceed the nominal 4-5% that could be earned by holding cash [16]