Buffett talks succession plan, pays tribute to Munger at annual meeting

At Berkshire Hathaway's annual meeting in Omaha, Warren Buffett confirmed Greg Abel as his successor and paid homage to the late Charlie Munger. Buffett praised Abel's management skills and declared Munger the "architect" of Berkshire’s success. Abel and Ajit Jain, key figures in the company, emphasized continuity in Berkshire's principles post-transition. The meeting also included tributes to Munger, reflecting on his significant contributions and ethical approach to business.