After Greg Abel's first annual meeting, the analyst cited a 1.4 price-to-book ratio, trading below intrinsic value and resumed buybacks.
The report said Berkshire reassured investors on operational excellence, cultural continuity and capital discipline, while Geico and BNSF were improving but still had work to do.
It also highlighted targeted use of AI to boost efficiency and argued strong performances by Abel and other senior leaders reinforced the positive valuation case.
With Greg Abel now managing investments, will Berkshire's legendary portfolio strategy fundamentally change?
As AI reshapes industry, is Berkshire's cautious adoption strategy a risk in a tech-driven world?
With a record $397B cash pile, can new leadership find investments large enough to drive meaningful growth?