Berkshire investors are ready for a future after Buffett ...Middle East

Quartz - Economy
Berkshire investors are ready for a future after Buffett
source : Quartz ( Middle East ) () 7
It’s all but impossible to imagine Berkshire Hathaway without Warren Buffett as its chief. But stock investors appear sanguine about the decision to make Greg Abel the 90-year-old’s eventual successor.Shares of the $644 billion Omaha-based conglomerate have rallied three-straight days after it emerged during the weekend that Abel, who is in charge of the company’s non-insurance businesses, is in line to eventually take over as CEO. The news slipped out seemingly inadvertently during Berkshire’s annual meeting: 97-year-old vice chairman Charlie Munger said Abel would “keep the culture” even as the corporate behemoth, which owns everything from America’s largest railroad to Nebraska Furniture

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