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commerce
shāng yè
商业
·HSK 4

Greg Abel (Berkshire Hathaway CEO)
Greg Abel
Greg Abel
to publish / to release
fābiǎo
发表
first (letter)
shǒu fēng
首封
Berkshire Hathaway
Bókèxīěr Hāsāwéi
伯克希尔哈撒韦
shareholder letter
gǔdōng xìn
股东信
。

Berkshire Hathaway
Bókèxīěr Hāsāwéi
伯克希尔哈撒韦
newly appointed
xīnrèn
新任
CEO
shǒuxí zhíxíng guān
首席执行官
Greg Abel (Berkshire Hathaway CEO)
Greg Abel
Greg Abel
on (date)
yú
于
February 28th
èr yuè èrshíbā rì
二月二十八日
to publish
fābiǎo
发表
(completion particle)
le
了
his
tā de
他的
first
shǒu fēng
首封
annual
niándù
年度
shareholder letter
gǔdōng xìn
股东信
。
he
tā
他
to pledge / to commit
chéngnuò
承诺
to continue
yánxù
延续
Warren Buffett
Wòlún Bāfēitè
沃伦·巴菲特
founded
chuànglì
创立
(particle)
de
的
conservative
bǎoshǒu
保守
investment
tóuzī
投资
culture
wénhuà
文化
。

February 28, 2026 at 8:00 PM

Berkshire Hathaway
Bókèxīěr Hāsāwéi
伯克希尔哈撒韦
newly appointed
xīnrèn
新任
CEO
shǒuxí zhíxíng guān
首席执行官
Greg Abel (Berkshire Hathaway CEO)
Greg Abel
Greg Abel
recently
jìnrì
近日
to publish
fābiǎo
发表
(completion particle)
le
了
his
tā de
他的
first
shǒu fēng
首封
annual
niándù
年度
shareholder letter
gǔdōng xìn
股东信
。
Greg Abel (Berkshire Hathaway CEO)
Greg Abel
Greg Abel
at the start of
yú
于
early 2026
èr líng èr liù nián chū
2026年初
officially
zhèngshì
正式
to succeed / to replace
jiētì
接替
Warren Buffett
Wòlún Bāfēitè
沃伦·巴菲特
to serve as
dānrèn
担任
company
gōngsī
公司
CEO
shǒuxí zhíxíng guān
首席执行官
the position of
yī zhí
一职
。
in
zài
在
the letter
xìn zhōng
信中
，
he
tā
他
pledged
chéngnuò
承诺
to continue
yánxù
延续
Buffett
Bāfēitè
巴菲特
(particle)
de
的
conservative
bǎoshǒu
保守
investment
tóuzī
投资
culture
wénhuà
文化
，
and
bìng
并
stating
chēng
称
this
zhè yī
这一
culture
wénhuà
文化
will
jiāng
将
forever
yǒngyuǎn
永远
to continue
chíxù
持续
。
he
tā
他
stated
biǎoshì
表示
，
company
gōngsī
公司
will
jiāng
将
to adhere to
jiānchí
坚持
prudent / careful
shěnshèn
审慎
to assess
pínggū
评估
value
jiàzhí
价值
，
patiently
nàixīn
耐心
to act
xíngdòng
行动
，
and
bìng
并
prefer to
qīngxiàng yú
倾向于
long-term
chángqī
长期
to hold
chíyǒu
持有
investments
tóuzī
投资
。
currently
mùqián
目前
，
company
gōngsī
公司
holds
chíyǒu
持有
(particle)
de
的
cash
xiànjīn
现金
and
jí
及
US Treasury bonds
Měiguó guózhài
美国国债
already
yǐ
已
exceeds
chāoguò
超过
$370 billion
sānqiān qībǎi yì měiyuán
3700亿美元
。
Abel (Greg Abel)
Abel
Abel
also
hái
还
announced
xuānbù
宣布
，
he
tā
他
will
jiāng
将
personally
qīnzì
亲自
to be responsible for
fùzé
负责
company
gōngsī
公司
stocks
gǔpiào
股票
investment portfolio
tóuzī zǔhé
投资组合
(particle)
de
的
management
guǎnlǐ
管理
。
Buffett
Bāfēitè
巴菲特
currently
mùqián
目前
still
réng
仍
serves as
dānrèn
担任
company
gōngsī
公司
chairman of the board
dǒngshìzhǎng
董事长
position
yī zhí
一职
，
but
dàn
但
has already
yǐ
已
stepped down from
xièrèn
卸任
CEO
shǒuxí zhíxíng guān
首席执行官
duties / position
zhíwù
职务
。

New Words

Bókèxīěr Hāsāwéi
Berkshire Hathaway
伯克希尔哈撒韦
shǒuxí zhíxíng guān
CEO
首席执行官
gǔdōng xìn
shareholder letter
股东信
Wòlún Bāfēitè
Warren Buffett
沃伦·巴菲特
bǎoshǒu tóuzī
conservative investment
保守投资
shěnshèn
prudent
审慎
chángqī
long-term
长期
xiànjīn
cash
现金
guózhài
Treasury bonds
国债
tóuzī zǔhé
portfolio
投资组合
dǒngshìzhǎng
chairman
董事长
xièrèn
stepped down
卸任

News in English

Business

Greg Abel Releases First Berkshire Hathaway Shareholder Letter as CEO

Newly appointed Berkshire Hathaway CEO Greg Abel released his first annual shareholder letter on February 28. He pledged to continue the conservative investment culture founded by Warren Buffett.

Berkshire Hathaway's newly appointed CEO Greg Abel recently published his first annual shareholder letter. Greg Abel officially succeeded Warren Buffett to serve as the company's CEO in early 2026. In the letter, he pledged to continue Buffett's conservative investment culture, stating this culture will continue forever. He stated that the company will adhere to prudent assessment of value, act patiently, and prefer to hold investments long-term. Currently, the company holds cash and US Treasury bonds exceeding $370 billion. Abel also announced that he will personally be responsible for managing the company's stock investment portfolio. Buffett currently still serves as the company's chairman of the board but has stepped down from the position of CEO.

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réngōng zhìnéng
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revenue / income
shōurù
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qiánjǐng
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to trigger / to cause
yǐnfā
引发
doubts / questions
yíwèn
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huíluò
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United States
Měiguó
美国
stock market
gǔshì
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zhōuwǔ
周五
strongly / with force
qiángshì
强势
to rebound / to rally
fǎntán
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Dào Zhǐ
道指
gained more than
zhǎng chāo
涨超
400 points
400 diǎn
400点
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to end / to conclude
jiéshù
结束
volatile / turbulent
dòngdàng
动荡
(particle)
de
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one week
yī zhōu
一周
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international
guójì
国际
oil prices
yóujià
油价
to maintain / to sustain
wéichí
维持
high level / elevated level
gāowèi
高位
，
Nasdaq (stock exchange)
Nàsīdákè
纳斯达克
index
zhǐshù
指数
Thursday
zhōusì
周四
to close lower / to finish down
shōu diē
收跌
1.3 percent
bǎifēnzhī yī diǎn sān
1.3%
。

Nasdaq Slides 1.3 Percent as Brent Oil Holds Above 100 Dollars

OPEC
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to announce
xuān bù
宣布
November
shí yī yuè
十一月
oil / petroleum
shí yóu
石油
output / production
chǎn liàng
产量
to maintain / to keep
bǎo chí
保持
unchanged
bù biàn
不变
。

OPEC Announces November Oil Output to Remain Unchanged