Greg Abel (Berkshire Hathaway CEO)Greg AbelGreg Abelto publish / to releasefābiǎo发表first (letter)shǒu fēng首封Berkshire HathawayBókèxīěr Hāsāwéi伯克希尔哈撒韦shareholder lettergǔdōng xìn股东信。
February 28, 2026 at 8:00 PM
New Words
News in English
BusinessGreg 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.
More in Business
MomentaMóméng tǎ摩蒙塔Hong KongXiānggǎng香港listedshàngshì上市fundraisingróngjī融资$752 million7.52 yì měiyuán7.52亿美元
Chinese Autonomous Driving Firm Momenta Debuts on Hong Kong Stock Exchange with 752 Million Fundraise
Samsung (South Korean electronics company)Sānxīng三星、SK Hynix (South Korean memory chipmaker)SK HǎilìshìSK海力士and / together withyǔ与Micron (US semiconductor company)Měiguāng美光to race to / to vie injìngxiāng竞相to expand / to increasekuòdà扩大AI / artificial intelligenceAIAImemory (computing)nèicún内存chip / semiconductor chipxīnpiàn芯片production capacitychǎnnéng产能。
Samsung, SK Hynix and Micron Race to Expand AI Memory Chip Capacity
ChinaZhōngguó中国artificial intelligenceréngōng zhìnéng人工智能companygōngsī公司MiniMax (Chinese AI company)MiniMaxMiniMaxto completewánchéng完成$2 billionèrshí yì měiyuán二十亿美元fundraising / financingróngzī融资。
Chinese AI Firm MiniMax Raises 2 Billion Dollars in Hong Kong Share Sale
PepsiCoBǎishì Gōngsī百事公司earnings / performanceyèjī业绩lower than / belowdīyú低于expectation / forecastyùqī预期，the United StatesMěiguó美国stock marketgǔshì股市slightly / marginallyxiǎofú小幅to rise / to increaseshàngzhǎng上涨。
PepsiCo Earnings Disappoint as US Stocks Edge Higher