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Fortune

Diane Brady

Warren Buffett's biggest bet: His successor, Greg Abel

Warren Buffett Greg Abel Donald Trump Bill Gross Charlie Munger Fortune Berkshire Hathaway LLMs

(Credit: David Paul Morris—Bloomberg/Getty Images)

In today’s CEO Daily: Shawn Tully on Warren Buffett’s successor, Greg Abel
The big story: Trump moves on China and TikTok.
The markets: Happy.
Analyst notes from JP Morgan and Goldman Sachs.
Plus: All the news and watercooler chat from Fortune.

Good morning. It was the most widely watched and speculated upon succession race of all time: Who would succeed Warren Buffett as Berkshire Hathaway’s CEO? Buffett’s long-time partner, the then 97-year old Charlie Munger, ended the mystery at the 2021 annual meeting by letting slip that the choice, made well before but long kept secret, was Greg Abel. Though the Oracle of Omaha has long been lauded for his golden gut for picking stocks and companies to acquire, this is his biggest bet yet. In a new feature for Fortune I profiled the little-known Abel, and teased out a few key lessons about succession along the way.

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