Greg Abel chaired Berkshire Hathaway's annual shareholder meeting for the first time as CEO, marking the first such event without Warren Buffett at the helm in decades. Separately, Berkshire subsidiary leadership flagged that wildfire litigation has reset to an early stage, prolonging legal uncertainty. The meeting served as the clearest signal yet that the post-Buffett transition is now fully underway.
Berkshire Hathaway is one of the most widely held stocks among retail investors and serves as a bellwether for value investing broadly. Leadership transitions at institutions built around a singular figure introduce valuation uncertainty — markets will now begin pricing Abel's capital allocation track record rather than Buffett's. The wildfire litigation overhang adds a secondary drag, particularly on any insurance-related subsidiaries.
Q2 2025 earnings release (expected late July/early August): first full quarterly report under Abel's leadership. Any court filings or rulings on the wildfire litigation docket in coming weeks.
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