Buffett Tells WSJ ‘Great Talent Is Rare,' as Berkshire CEO Talks Up Successor Abel's Skills
1. Warren Buffett endorses Greg Abel as his successor at Berkshire Hathaway. 2. Abel has a strong track record in managing energy and railroad sectors. 3. BRK shares dropped post-announcement but still outperform the S&P 500. 4. Abel aims to uphold Buffett's investment philosophy and company culture. 5. Buffett believes Abel's leadership will enhance Berkshire's prospects.