Berkshire Hathaway's New CEO: No Big Changes

0:00On this March 1st in Durham, here's what is making headlines. Warren Buffett built Berkshire Hathaway from a failing textile firm into a global investment giant after taking control in 1965. He stepped down his chief executive this year, passing the role to Greg Able, who just released his first shareholder letter with the fourth quarter, and full year 2025 results. Able paid tribute to Buffett, who stays on as chairman and plans to work in the office five days a week, advising on key decisions like insurance and investments. Able promised no big strategy shifts, highlighting their rock solid balance sheet and $373 billion in cash and treasuries as drive powder for future deals. Berkshire shares climbed around 11% last year, lagging the S&P 500's 16% rise, but the company urges investors too. Focus on long-term value over short-term swings. Year-to-date shares are up slightly mirroring the market. Earnings took a hit, with fourth quarter operating profits at $10,200,000,

1:05down 29% from last year. Full year results hit, $44,500,000, down from 2024, but above the five-year average, mainly due to insurance underwriting, dropping 19.5% amid tougher conditions. Looking at the portfolio, Berkshire trimmed big positions in Amazon by over 77% in Bank of America while adding to Chevron and Chubb. Top holdings like Apple and American Express still dominate their concentrated lineup for decades-long growth. Thanks to our sponsor for supporting today's coverage, relax deeper, reset faster, come for you can hear, S-O-L-I-SOLYPILLOW.COM