Abel responds to shareholding value: Analyzing Berkshire Hathaway's unique core advantages

Berkshire’s new CEO Abel breaks down the core reasons shareholders have long held Berkshire. He said that Berkshire has a solid operational foundation and a large portfolio of high-quality assets, with the insurance business led by Ajit serving as a key cornerstone—supported by abundant talent reserves and a notably strong ability to capture opportunities across market cycles. The group’s non-insurance business is well planned, continuously nurturing incremental investment opportunities; with vast cash and U.S. Treasury reserves, it can both uphold the principle of not “managing wealth on behalf of the market” and also flexibly make large allocations of assets when the market hits lows. At the same time, the group can efficiently redeploy capital across industries among insurance, real economy, and equity investments, with clear advantages in tax and transfer costs. It also sticks to an ultra-minimalist structure, eliminating redundant bureaucratic systems, and continues to create long-term, steady value for shareholders.