Berkshire Hathaway is expected to transition smoothly to new CEO Greg Abel, with Warren Buffett expressing confidence that the company’s future prospects will improve under Abel’s leadership. Despite this optimism, Berkshire may encounter challenges from competitors like Tesla and Alphabet’s Waymo unit, which threaten to disrupt its operations. Buffett acknowledged these potential hurdles during the recent annual shareholder meeting, indicating a cautious outlook for the company’s performance amidst rising competition in the market.
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