Berkshire shares trade lower even after Abel scores good marks at meeting, earnings jump

Berkshire shares trade lower even after Abel scores good marks at meeting, earnings jump

Berkshire Hathaway Class B shares closed lower on Monday afternoon, retreating from earlier gains despite positive developments over the weekend. The decline came even as CEO Greg Abel demonstrated competence in his inaugural role leading the company’s annual shareholder meeting in Omaha, Nebraska, on Saturday. Analysts and investors acknowledged that while Abel lacked the distinctive wit and narrative style long associated with Warren Buffett, …