Greg Abel, Chairman of Berkshire Hathaway Energy, recently pointed out that equity investment holds a fundamental position in corporate capital allocation strategies.

This executive, regarded as a potential successor to Buffett, emphasized that as CEO, the ultimate responsibility for all major decisions "rests on my shoulders." When discussing asset allocation principles, Abel stated that equity investments in high-quality companies such as Apple and American Express form the cornerstone of the group's long-term value creation. He specifically mentioned that capital allocation requires balancing short-term returns with long-term strategy, and that public market investments provide a crucial support for this balance. The CEO, who comes from the energy sector, admitted that while the team participates collectively in the decision-making process, the awareness that "the responsibility ultimately falls on me" has always run through his management philosophy when facing major investment choices. This statement has been interpreted by the industry as Abel gradually establishing his decision-making style as Berkshire's future leader.