Money
Greg Abel Better Than Warren Buffett in Important Ways Says Charlie Munger
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TIP812: Mohnish Pabrai: Berkshire & Letting Winners Run w/ Mohnish Pabrai
"Charlie Munger said that Greg is better than Warren in some important ways, and he never went further to describe what those are. But I thought about what he might have meant. And so Greg is in Des Moines, Iowa, and he has a team, maybe more now, but he has a team of about 30 people. Who are between him and the businesses. So he has put in a lot of very smart people to help him basically look at these companies."
Mohnish Pabrai reveals that Charlie Munger believed Greg Abel surpasses Warren Buffett in certain key areas. Abel has assembled a 30-person team between himself and Berkshire's operating businesses, creating a more hands-on management structure that addresses the historical undermanagement of Berkshire subsidiaries. This strategic approach could lead to tighter operations and better decision-making on manager performance.