Key Points Warren Buffett added a position in Alphabet to Berkshire's stock portfolio. Ken Griffin reversed course on giant Chinese electric carmaker Nio. Chase Coleman III's Tiger Global Management initiated a Netflix position. 10 stocks we like better than Alphabet › Want to invest like a billionaire? Good news! Thanks to the U.S. Securities and Exchange Commission (SEC), we know exactly how some billionaires, including Warren Buffett, Ken Griffin, and Chase Coleman III, are investing their mon ...

Core Viewpoint - Berkshire Hathaway has appointed Greg Abel as the new CEO, with an annual salary of $25 million, significantly higher than Warren Buffett's long-standing salary of $100,000 [1][2]. Group 1: CEO Compensation - Greg Abel's annual cash salary is disclosed as $25 million, a notable increase from his predecessor Warren Buffett, who earned $100,000 annually for over 40 years [1]. - Abel's compensation is higher than the average CEO pay of $18.9 million for S&P 500 companies in 2024 [2]. - Last year, Abel received a salary of $21 million while serving as Buffett's deputy [2]. Group 2: Leadership Transition - Warren Buffett announced his retirement after 55 years as CEO during Berkshire's annual shareholder meeting, leading to the board's unanimous decision to appoint Abel as his successor [3]. - Buffett expressed confidence in Abel's leadership, stating that the time had come for him to take over as CEO [3]. Group 3: Abel's Background and Expectations - Greg Abel, aged 62, has been with Berkshire Hathaway since 2018 as vice chair of non-insurance operations and is also the chair of Berkshire Hathaway Energy [4]. - Abel is expected to uphold the company's investment philosophy and is recognized for a more hands-on leadership style compared to Buffett [4].

Core Viewpoint - The article discusses investment opportunities in Alphabet and Amazon, highlighting their discounted valuations and potential for market-beating returns as they leverage AI innovations. Group 1: Alphabet - Alphabet has made significant investments in AI, pledging between $91 billion and $93 billion in capital expenditures last year, which are starting to yield positive results [3][4] - The company reported nearly $74 billion in free cash flow in Q3, indicating strong financial health despite heavy investments in AI [4] - Berkshire Hathaway increased its stake in Alphabet by acquiring over 17.8 million shares in Q3 2025, making it nearly 2% of its portfolio [5] - Alphabet's current P/E ratio of 31 aligns with the S&P 500 average, positioning it as the second-cheapest stock among the "Magnificent Seven" [5] Group 2: Amazon - Amazon has invested $120 billion in capital expenditures over the past year, focusing on AI to enhance its e-commerce and cloud services [8] - Despite the substantial investment, Amazon generated $15 billion in free cash flow, showcasing its ability to maintain profitability [8] - The stock has recently plateaued due to increased competition in the cloud segment from Google Cloud and Microsoft Azure, impacting investor sentiment [9] - Amazon's shares are currently trading at a P/E ratio of 32, making them only slightly more expensive than Alphabet, presenting a potential buying opportunity [11][12]

Berkshire Vice Chairman Greg Abel speaks with shareholders during the Berkshire Hathaway Inc. annual shareholders' meeting, in Omaha, Nebraska, U.S., May 2, 2025.Greg Abel, the newly minted Chief Executive of Berkshire Hathaway, is getting a bump in salary as he takes over from the legendary investor Warren Buffett.Abel, who began his new role at the conglomerate on Jan. 1, will see his annual cash salary rise to $25 million, according to a Tuesday filing with the U.S. Securities and Exchange Commission. Th ...

Core Viewpoint - Greg Abel has been appointed as the new Chief Executive of Berkshire Hathaway, succeeding Warren Buffett, and will receive a salary increase to $25 million annually starting January 1, 2025 [2]. Group 1: Leadership Transition - Greg Abel officially took over as CEO on January 1, 2025, following his role as vice chairman of non-insurance operations [3]. - Warren Buffett has publicly endorsed Abel, stating he prefers Abel to manage his investments over any top investment advisers or CEOs in the U.S. [2]. Group 2: Compensation Details - Abel's new annual cash salary is set at $25 million, a significant increase from his previous salary of $21 million in 2024 [2][3]. - In addition to his salary, Abel received "other compensation" of $17,250 in 2024 [3]. - For comparison, Warren Buffett's salary in 2024 was $100,000, with "other compensation" amounting to $305,111 [3].

Compensation Changes - Berkshire Hathaway raised the salary of new CEO Greg Abel to $25 million, significantly higher than the $100,000 annual salary of his predecessor Warren Buffett [1] - Abel's compensation includes a $21 million salary for 2024, a $20 million salary for 2023, and a $16 million salary plus a $3 million bonus for 2022 [2] - Vice Chairman Ajit Jain received the same compensation amounts as Abel from 2022 to 2024, with 2025 compensation details yet to be disclosed [3] Leadership Transition - Greg Abel, aged 63, became CEO on January 1 after serving eight years as vice chairman overseeing Berkshire's non-insurance businesses [1][4] - Warren Buffett, aged 95, led Berkshire for over 60 years, transforming it into a conglomerate worth over $1 trillion with nearly 200 businesses [3] Ownership and Investments - Abel owns approximately $171 million worth of Berkshire stock and sold his 1% stake in Berkshire Hathaway Energy for $870 million in 2022 [6]

Greg Abel will be paid $25 million annually, a substantial increase from the pay of his predecessor Warren Buffett, who took an annual salary of $100,000 for more than 40 years. ...

If any investor has stood the test of time, it is Warren Buffett, and with good reason. ...

Core Insights - Tweedy, Browne has launched the Insider + Value ETF (COPY), which uniquely combines tracking insider purchases with the timing of those purchases, focusing on stocks trading at significant discounts compared to historical valuations [1] - The investment strategy emphasizes stocks believed to be trading below intrinsic value, utilizing a proprietary model that analyzes over 30 investment characteristics, including price/earnings and price to book value ratios [2] - The ETF has shown strong performance, returning 30% in 2025, outperforming the MSCI World Index and the S&P 500 [3] Company Overview - Tweedy, Browne Co., based in Stamford, Connecticut, manages approximately $7 billion through various investment vehicles, including mutual funds and ETFs, employing value strategies [5] - The firm was founded in 1920 and has historical ties to value-investing pioneer Benjamin Graham [4] Investment Strategy - The ETF focuses on stocks where corporate insiders are actively buying shares and companies that are repurchasing shares at attractive prices, based on Tweedy, Browne's valuation analysis [1] - The strategy is diversified across roughly 180 stocks, with a significant portion of the portfolio invested in non-U.S. companies, reflecting a bias toward undervaluation [3][8] - The fund's performance is benchmarked against the MSCI World Index, and it has outperformed many of its peers in the first year [16] Performance Metrics - COPY's return of 30% in 2025 compares favorably to the iShares MSCI World ETF, which returned 21.3%, and other actively managed ETFs [18] - The fund's expense ratio is 0.80%, which is competitive compared to other funds in the same category [18] Share Buyback Focus - The investment team emphasizes net buybacks that effectively lower the share count, avoiding dilution from stock issuance or executive compensation [6] - The fund has identified companies that have been buying back shares at high trailing price/earnings ratios, indicating potential overvaluation in those buybacks [12] Top Holdings - As of the latest report, the top holdings in the COPY portfolio include DPM Metals Inc., BAWAG Group AG, and Erste Group Bank AG, with weights ranging from 1.96% to 1.10% [20]

Our conversation began with the realization that one of the most extraordinary careers in investing history is formally entering its final chapter. ...