(CNBC): Berkshire Hathaway’s new CEO Greg Abel reassures investors of continuity in financial conservatism and disciplined investing in his first shareholder letter.

In his inaugural shareholder letter as CEO of Berkshire Hathaway, Greg Abel emphasized the company’s commitment to maintaining Warren Buffett’s legacy of financial strength and disciplined investing. Abel highlighted the importance of a fortress-like balance sheet, decentralized management model, and a concentrated equity portfolio focused on long-term value creation. He also confirmed that Berkshire will not adopt quarterly earnings calls, staying true to its focus on long-term horizons. For more details, please refer to CNBC.

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