Warren Buffett Taps Greg Abel

This is a Berkshire news story, published by Yahoo Finance, that relates primarily to Abel news.

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Warren Buffett Taps Greg Abel as His Successor. What Investors Need to Know

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Warren Buffett recently tapped Greg Abel to take over the CEO role at Berkshire Hathaway .

Abel played a huge role in transforming Berkshire 's portfolio for nearly two decades , particularly in the energy sector.

Despite market-beating returns over several decades , Berkshire stock looks incredibly undervalued.

Abel will take over as the company holds a record level of cash and short-term investments.

Berkshire Hathaway stock is a bargain, and I see this as a great opportunity to buy the stock as Abel prepares to take over as CEO.

While I'm not suggesting Berkshire will completely change its identity and begin buying high-flying growth stocks, I do think Abel is in a position to replicate his growth template from BHE across the broader Berkshire portfolio.

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