Say Hello to My Little Friend: Abel's First Moves
Alright listen up. This Greg Abel guy he's the new boss at Berkshire see? He's not just some punk trying to fill Warren Buffett's shoes. He's makin' moves real moves. First thing he does? Starts buying back shares. "We see value," he says. Sounds like someone who knows how to make money which is what I respect. And he's tellin' everyone too. Transparency he calls it. Me? I call it showin' everyone who's boss.
Alignment Baby: Abel Puts His Money Where His Mouth Is
This is where it gets interesting. Abel says he's gonna use his *entire* after tax salary to buy Berkshire stock every year. "Absolute alignment with shareholders," he says. That's a bold move even for me. It's like sayin' "I'm all in motherfuckers!" He's showing commitment see? China Tech Stocks Tumble US Tech Stocks But Smart Money Sees Opportunity and this alignment strategy are both moves that show the new leadership team at Berkshire is trying to ensure the company continues to be a leader in the market. This kind of dedication this is how you build trust understand?
Kraft Heinz: A Deal Gone Sour?
Kraft Heinz huh? Abel ain't shy about sayin' it's been "disappointing." But he's not panicking. The new CEO Cahillane wants to fix things before splitting it up. Abel supports that. See it's not just about makin' a quick buck. It's about buildin' something that lasts. But if they gotta sell? They're ready. Always be prepared that's my motto.
Buffett's Still in the Game
Don't think Buffett's gone fishin' just yet. Abel says the old man's still comin' into the office every day. They talk they strategize. "If I'm not every day it's every couple of days," Abel says. That's smart. You don't just throw away that kind of experience. It's like havin' a secret weapon understand? This ensures expertise and insight are available for making solid financial decisions for the company.
Crypto? Fuggedaboutit!
Someone asks about crypto. Abel's answer? "I don't think you'll see crypto associated with Berkshire." End of story. The expertise and experience at Berkshire aren't looking at getting into cryptocurrency anytime soon. Stick to what you know that's what I always say. These guys are serious about what works and what will make them money. No gambling with funny money. They are sticking to things that work and leaving the blockchain to others.
The Future of Berkshire: Decisive Action
Can Abel do a big deal in three days like Buffett? "We will act very decisively and quickly," he says. Sounds like he's ready to roll the dice. And a dividend? Maybe someday but not if they can make more money by holdin' onto it. "We will retain a dollar if we see the opportunity to create more than a dollar for our shareholders." That's the name of the game folks. Make money or get out.
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