Berkshire CEO Greg Abel vows to keep Buffett’s culture of disciplined investing in first annual letter

Berkshire Hathaway‘s Greg Abel used his first annual shareholder letter as chief executive to reassure investors that the conglomerate’s culture of financial conservatism and disciplined investing established under Warren Buffett will continue “into perpetuity.” “I am honored by our Board’s decision to appoint me CEO of Berkshire and humbled to succeed Warren as I write…

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Cybersecurity stocks drop on Anthropic AI disruption fears

CrowdStrike CEO George Kurtz speaks at the Wall Street Journal Tech Live conference in Laguna Beach, California, on Oct. 21, 2019. Martina Albertazzi | Bloomberg | Getty Images Cybersecurity stocks dropped for a second day on Monday as investors fretted over new artificial intelligence security tools that threaten to displace the sector’s longstanding business models….

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