Greg Abel ‘will keep the culture’: Munger explains why Berkshire’s business model will endure after Buffett

SourceYahoo News
SectorEconomy
CountryMiddle east

Oops!Something went wrong.Please try again later.Oops!Something went wrong.Please try again later.Yahoo FinanceGreg Abel ‘will keep the culture’: Munger explains why Berkshire’s business model will endure after BuffettJulia La Roche·CorrespondentMay 3, 2021, 6:38 AM·3 min readOops!Something went wrong.Please try again later.Oops!Something went wrong.Please try again later.

Famed investors Warren Buffett and Charlie Munger believe that Berkshire Hathaway (BRK-A, BRK-B), the sprawling investment conglomerate that ranks No. 6 on the Fortune 500, isn’t too big to manage because of its decentralized culture and it will endure after they’re gone.

“I don’t think we’re getting too big to manage because we’re different from practically every other big corporation in the United States, in that we are so excessively decentralized. We have decentralized so much, and we have so much authority in the subsidiaries that we can keep doing it for a long, long time, as long as it keeps working.

And I would say so far, that our decentralization has caused more benefits than defects,...read more...