# Ep 476. Greg Abel's First Berkshire Hathaway Shareholder Letter

Page: https://stenobird.com/podcast/focused-compounding-608401/ep-476-greg-abel-s-first-berkshire-hathaway-shareholder-letter
Text version: https://stenobird.com/podcast/focused-compounding-608401/ep-476-greg-abel-s-first-berkshire-hathaway-shareholder-letter.md
Podcast: [Focused Compounding](https://stenobird.com/podcast/focused-compounding-608401)
Published: 2026-04-03T14:07:02+00:00
Episode link: https://focusedcompoundinginvest.podbean.com/e/ep-476-greg-abels-first-berkshire-hathaway-shareholder-letter/
Audio file: https://mcdn.podbean.com/mf/web/tftkw4xsa2ss29fw/4_3_26_Pod_Final.mp3
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JSON: https://stenobird.com/v1/public/podcasts/focused-compounding-608401/episodes/ep-476-greg-abel-s-first-berkshire-hathaway-shareholder-letter
Duration seconds: 2477

## Resource

00:00 Intro01:15 First impressions of the letter07:50 Greg’s operating framework for BRK16:29 Capital allocation principles21:39 Berkshire’s 2025 performance29:40 Equity investments34:10 Berkshire’s size is its own prison36:50 Takeaways 🔍 Want access to an event-driven monitor? Sign up here: https://www.insidearbitrage.com/speci... 📰 Interested in our free weekly newsletter? Subscribe now: https://t.co/I65UzM4uFB 📚 Explore our informative backlog: Click here: https://focusedcompounding.ck.page/po... 🐦 Twitter: @Focusedcompound ✉️ Email: info@focusedcompounding.com Important: Read our Disclaimer: https://focusedcompounding.com/discla...

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## Transcript

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