Berkshire Hathaway's new CEO, Abel, states that he communicates with Buffett almost every day.

Investing.com - Berkshire Hathaway’s new CEO Greg Abel stated that he still communicates with Warren Buffett almost daily, highlighting that the legendary investor continues to be deeply involved in the company’s affairs even after stepping down from his top position earlier this year.

Abel told CNBC on Thursday that Buffett comes to the office every day, and they stay in regular contact. When Abel is in Omaha, they talk daily; when he’s on business trips, he proactively reaches out to Buffett to discuss what Buffett has seen and heard.

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Abel also discussed the difficulty of succeeding Buffett as the company’s chief shareholder communicator, especially when writing his first annual letter to investors. He described it as the most challenging task among all responsibilities handed over to him. Buffett offered little encouragement on this matter, telling Abel that the second letter wouldn’t get any easier, jokingly adding that.

Regarding investment strategies, Abel said Berkshire is unlikely to invest in cryptocurrencies, continuing Buffett’s long-standing skepticism of this asset class. However, he is open to technology-related investments, noting that the company’s use of technology in operations helps develop deep insights and knowledge of certain tech companies.

Buffett stepped down as CEO after leading the company for over 60 years but remains chairman of Berkshire Hathaway.

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