Squawk Pod: Greg Abel kicks off Berkshire Hathaway’s annual meeting- 05/01/26 | Audio Only
Speakers
Chris Davis
— Chairman, Davis Advisors & Portfolio Manager
Greg Abel
— CEO, Berkshire Hathaway
Summary
Becky Quick interviews Greg Abel on his first Berkshire annual meeting as CEO and Chris Davis on investment ideas and the outlook for Berkshire. Abel emphasizes continuity of Buffett's culture and introduces other managers, while Davis pitches Capital One as a hidden growth stock and criticizes private equity and activist investing.
- Greg Abel takes over as Berkshire CEO for the first annual meeting in 60 years without Warren Buffett on stage.
- Abel says he has a long runway and is committed to Berkshire's culture and shareholder focus.
- Abel discusses inflation as manageable at current levels but warns about extreme levels.
- Chris Davis, Berkshire director and Davis Advisors chairman, shares his investment views.
- Davis recommends Capital One (COF) as a cheap growth stock with a strong founder-led culture and AI potential.
- Davis criticizes private equity for selling illiquid products to retail investors.
- Davis defends Markel against activist calls to break it up.
- The annual meeting sees strong attendance with 30-40,000 shareholders expected.
Trade Ideas
Capital One is growth stock in disguise.
Capital One is a classic growth stock in disguise—it is one of the largest banks in the country, still run by its founder, built as a data science and fintech company with no branches, well-positioned for AI, and yet trades at only 9 times earnings, offering an attractive opportunity in an expensive market.
Up Next
This CNBC video, published May 01, 2026, features Chris Davis discussing COF. 1 trade idea extracted by AI with direction and confidence scoring.
Speakers: Chris Davis · Tickers: COF