Money Stuff: The Podcast A Broad Church: BRK/A, OpenAI, Medicaid
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May 9, 2025 Warren Buffett's retirement sends ripples through Berkshire Hathaway, leaving many wondering about the future under Greg Abel. Meanwhile, contrasting investment strategies between Buffett and Bill Ackman come into play, particularly Ackman's intriguing stake in Howard Hughes. The conversation also dives into OpenAI's shift towards a public benefit corporation, balancing profit with ethical considerations. Lastly, the hosts navigate the complex world of Medicaid provider taxes, revealing financial loopholes and ethical dilemmas that are hot topics in healthcare funding.
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Greg Abel's Unique Role
- Berkshire Hathaway's next CEO, Greg Abel, has a strong operating background rather than investing pedigree.
- Transition reflects the conglomerate's shift from being an investment vehicle to focused business operations.
Buffett's Legacy and Future Challenges
- Berkshire Hathaway's value partly relies on Warren Buffett's investing genius.
- After Buffett, the company may face pressure to become more capital efficient and transparent.
The Buffett Premium Explained
- Investors buy Berkshire shares for Warren Buffett's capital allocation skills, not for sector exposure.
- Without Buffett, shareholders may push for dividends or other capital returns.