Warren Buffett Is ‘A Very Hard Act to Follow,’ Says Berkshire’s New CEO. He Wants to Make Berkshire ‘Even Stronger.’

Key Takeaways Greg Abel delivered his first shareholder letter as Berkshire Hathaway's CEO on Saturday, after Warren Buffett stepped down from the role in December. Berkshire's operating earnings dropped nearly 30% in Buffett’s final quarter as CEO, as the company took write-downs of its stakes in Kraft Heinz and Occidental Petroleum. Warren Buffett's successor Greg Abel wants Berkshire Hathaway investors to know he'll be able to build on the legendary investor’s legacy. But can he convince them? ...