No. of Recommendations: 3
" Advice for Abel as he prepares to succeed Buffett as Berkshire's CEO
With Warren Buffett's planned departure as Berkshire Hathaway's CEO less than two weeks away, some on Wall Street have advice for incoming CEO Greg Abel.
Glenview Trust CIO Bill Stone says the most important thing Abel can do is "don't try to be Warren Buffett."
Buffett and Charlie Munger, he said on Yahoo Finance, were the "greatest duo" in investing of all time. "Trying to beat them at their game, so to speak, is probably not the right thing."
Stone thinks Abel should concentrate on increasing operating earnings, reducing the number of outstanding shares, and being ready to seize opportunities when they arise."
CNBC: Public 43149781 