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At the recently concluded globally-watched pilgrimage meeting, Berkshire Hathaway's new CEO Abel let Buffett speak first. The 95-year-old investment legend, holding a cherry Coke in his hand, emphasized value investing once again in front of tens of thousands of people! '10 years ago, I handed 10% of Berkshire's assets—$35 billion—to Apple’s Tim Cook, who wasn’t very well-known at the time. Now, that money has turned into $185 billion. And what makes me most proud is that over these 10 years, I didn’t lift a finger or break a sweat.' Pick the right person, invest the right money, then let go and leave the rest to time. Abel today might just be the Cook of the past. Even if the management changes and Buffett is no longer around, as long as the underlying business logic and exceptional talent remain, you can always trust Berkshire Hathaway!

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