Warren Buffett changed the succession plan by saying Greg Abel will run Berkshire's investments, even though he's never been a stock picker
Buffett said because Abel understands businesses so well, he also understands stocks.
Buffett said because Abel understands businesses so well, he also understands stocks.
"The next stage of the policy cycle is a weakening of the labor market. Once it starts gradually weakening, it then weakens more sharply. I think that's exactly what's playing out now."