Greg Abel, who will become the next CEO of Berkshire Hathaway, reveals his straightforward philosophy for success.

Berkshire Hathaway CEO Warren Buffett said it would be "unfair" not to let his successor, Greg Abel, take over the top job at the conglomerate.

Warren Buffett recently announced that he plans to step away as CEO of Berkshire Hathaway at the end of the year.

Mr. Buffett won renown and made billions as one of the most successful stock pickers of all time. Mr. Abel’s strengths lie more in running businesses.

Warren Buffett says Greg Abel didn’t need to be taught how to lead Berkshire Hathaway. “He’s a natural,” Buffett said of Berkshire’s next chief executive in an [interview with The Wall Street Journal]

Is inflation wearing down your dollars? Listen to Warren Buffett's advice on how to defend your finances against inflation.