New Leader for Berkshire Hathaway

May 9, 2026, 12:24
USFinance

Introduction

Berkshire Hathaway had its big yearly meeting. For the first time in 60 years, Warren Buffett was not the leader. Greg Abel is now the CEO.

Main Body

Greg Abel is a good manager. He knows how to run the company. However, some people missed Warren Buffett. They liked his stories and his ideas about money. The company has a lot of money. They have 380 billion dollars in cash. They sold some shares in a company called DaVita. They bought more shares in Japanese companies. New people have new jobs now. Charles Chang is the new money officer. Warren Buffett says prices in the market are too high. He will wait for lower prices before he buys more companies.

Conclusion

Greg Abel is the new leader. The company has a lot of money and new managers.

Learning

đŸŸĸ The 'Money' Words

In this text, we see words for business. Let's look at how they work:

  • Cash →\rightarrow physical money (bills and coins).
  • Shares →\rightarrow small pieces of a company you can buy.
  • Market →\rightarrow the place where people buy and sell these shares.

🛠ī¸ Action Words (Past vs. Present)

Notice how the story changes from what happened to what is now:

Past (Finished)

  • Sold (from sell)
  • Bought (from buy)
  • Liked (from like)

Present (Now)

  • Has (possess)
  • Is (identity)
  • Says (speaking)

💡 Simple Logic: "Too High"

When Warren Buffett says prices are "too high," it means they are more than he wants.

Pattern: Too + Adjective

  • Too high →\rightarrow Not cheap enough.
  • Too slow →\rightarrow Needs to be faster.
  • Too expensive →\rightarrow Costs too much money.

Vocabulary Learning

CEO (n.)
Chief Executive Officer, the person who leads a company.
Example:The CEO of the company announced a new policy.
billion (n.)
A number equal to one thousand million.
Example:The company has a billion dollars in cash.
shares (n.)
Parts of a company that people can buy.
Example:They sold some shares in the company.
market (n.)
A place where people buy and sell goods.
Example:Prices in the market are too high.
Japanese (adj.)
Relating to Japan.
Example:They bought more shares in Japanese companies.