Warren Buffett transformed Berkshire Hathaway (NYSE: BRK.B, BRK.A) over six decades into a unique conglomerate focused on capital allocation. With Buffett stepping down as CEO, Greg Abel will now oversee this critical responsibility, which will be pivotal for the company’s future returns, particularly given its substantial cash reserves. As Abel takes charge, questions arise about who will ultimately decide on major capital allocation strategies. The next decade’s performance will hinge on these investment decisions.
