upcomingweb3games|巴菲特接班人Greg Abel：中国有许多好公司被低估

Special topic: Buffett's 2024 shareholders' meeting hit

During Buffett's shareholders' meeting in 2024,Upcomingweb3gamesTencent News has an exclusive conversation with Berkshire Hathaway Vice Chairman and Greg Abel, who is widely regarded as Buffett's successor. He told Tencent News that he was very excited to learn about the recent performance of China-related stocks.

"this represents a recovery in investor confidence," Abel said. "there are a lot of well-qualified companies in China that are undervalued."

Abel said Berkshire Hathaway still owns a large number of shares in BYD. Brendan Ahern, chief investment officer of Krane Shares, a Wall Street investment firm that Tencent News talked to earlier, said Buffett was bullish on BYD and made a long-term investment decision before the electric car concept was widely accepted by Volkswagen.

"when no one discussed Tesla in 2008, Buffett made the decision to invest in BYD," Ahern told Tencent News. "I held it patiently for the next 10 years until the explosion of the electric car concept ushered in an excellent investment return on BYD's stock."

As vice chairman of Berkshire Hathaway, Abel has been in charge of non-insurance business since 2018. He is also chairman and CEO of Berkshire Hathaway Energy.

Ron Olson, a longtime board member of Berkshire Hathaway, said before the shareholders' meeting that Abel deeply understood all Buffett's underlying principles of running the company, and that the board of directors maintained a high degree of confidence that Abel would enable the company to continue to operate consistently in the future.