Berkshire Hathaway didn’t change its religion when Greg Abel took the chair. It changed its preacher — and the sermon is the same: patience, cash, and businesses you’d be happy to own if the market closed for ten years.
That’s compounding. Not a trick, not a trade. The quiet arithmetic of leaving good things alone and letting time do the heavy lifting. I spent thirty years teaching lawyers that one word in a contract can cost millions. The same discipline applies to capital: read precisely, act rarely, and let the winners run.
The Abel era rewards the same reader I’ve always trained: the woman who reads the words. Contracts, earnings calls, Fed-speak — it’s one discipline of precision reading. And precision, compounded, is a fortune.
Dena Falken
Founder, Legal-Ease International
B.A. American University · J.D. Columbus School of Law, Catholic University of America
Author of Million Dollar Words — When One Word Costs Millions
https://www.amazon.com/author/denafalken.com
