Berkshire’s Future: Greg Abel’s Impressive Track Record (NYSE:BRK.A)

“There is nothing permanent except change” and the shareholders of Berkshire Hathaway (NYSE:BRK.B, NYSE:BRK.A, NEOE:BRK:CA) were reminded of this timeless wisdom after the passing of the company’s vice chairman, Charlie Munger. Now, as we ponder

Largest Acquisitions

Equity Value ($ billion)

NV Energy (2013)

5.6

AltaLink (2014)

2.7

Dominion gas midstream (2020)

4

Cove Point LNG (2023)

3.3

Combined

15.6

Railroad, Utilities and Energy

2009

2010

2011

2015

2016

2022

2023

Cagr, % (2010-2022)

BHE earnings

1,157

1,238

1,204

2,370

2,542

4,775

2,962

11.5%

BNSF earnings

0

2,459

2,972

4,284

3,569

5,946

5,087

5.8%

Overall

1157

3,697

4,176

6,654

6,111

10,721

8,049

9.3%

Assets

44,771

113,605

117,377

165,012

169,816

222,463

258,772

Liabilities

25,474

43,993

45,596

72,766

73,640

100,190

114,858

Equity

19,297

69,612

71,781

92,246

96,176

122,273

143,914

4.8%

RoE, %

6.0%

5.3%

5.8%

7.2%

6.4%

8.8%

5.6%

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