OMAHA, Nebraska — Many Berkshire Hathaway shareholders left last weekend's annual meeting pondering Warren Buffett's big revelation about succession.
Others think Abel will be more likely to delegate the responsibility of stock selection.
Buffett's investment lieutenants, Todd Combs and Ted Weschler, have independently managed about $15 billion each for Berkshire over the past decade.
In addition to Berkshire's enormous equity portfolio, its pile of cash grew to nearly $189 billion at the end of March.
The new forecast would translate into more than 20% upside and push Berkshire's total market value above $1 trillion.
Persons:
Warren Buffett's, Greg Abel, Buffett, Greg, Abel, Todd Combs, Ted Weschler, Buffett hasn't, Combs, Bill Stone, Charlie Munger, who's, he's, Bueffett's, Cathy Seifert, Brian Meredith, Meredith, — CNBC's Michael Bloom
Organizations:
OMAHA , Nebraska —, Berkshire Hathaway, Saturday, Madison Investments, CNBC, Geico, Glenview Trust, Berkshire Hathaway Energy, UBS
Locations:
OMAHA , Nebraska, Omaha, Berkshire, Toyama, UBS Berkshire