During his recent interview with SumZero, Mohnish Pabrai discussed the future of Berkshire Hathaway. When it comes to Berkshire’s future under Greg Abel, Pabrai sees no red flags — only quiet continuity. “Greg actually from a practical sense has been running Berkshire for quite some time,” he explained. “From a practical point of view we’ve already seen Berkshire running under Greg’s leadership for some time and we haven’t noticed any difference.”
In fact, he believes Berkshire is better positioned than most realize. “I think today it’s actually a better index to invest in than the S&P,” he said. “Given Berkshire’s large cash position, modest valuation, relatively young leader — it’s a good place to be.”
While no one can replace Warren Buffett, Pabrai is optimistic about Abel’s more hands-on approach. “Warren has always been very handsoff on the subsidiaries… Greg is a lot more hands-on,” he said. “Greg actively has the different CEOs interact and meet with each other.” That focus may drive better results. “We may see somewhat better performance coming out of the existing subsidiaries,” he suggested, adding, “Greg is extremely smart about the capital allocation and making quick decisions.”
Turning to today’s dominant tech stocks, Pabrai offered cautious admiration — especially for Microsoft. “The one that I really think is as close to bulletproof as you can get is Microsoft,” he said. “Microsoft is so embedded in the enterprise… Satya is such an exceptional leader.” He also highlighted the power of recurring revenue: “Recurring revenues is a really really powerful thing to pay up for.”
On Meta, he was equally impressed: “Meta is different… we have Zuck at the helm and he’s a smart guy,” he said. But when it comes to Tesla, his stance is more conflicted. “Never underestimate a man who overestimates himself,” he noted. “Not being long Elon is probably a mistake.”
Yet Pabrai’s portfolio tells a different story. “In 2023 I made a bet on metallurgical coal,” he said. “In 2025 this year I made a bet on offshore oil drillers.” His reasoning? “All four of them went through bankruptcy restructuring… and came out with pristine balance sheets.” What drew him in was simple: “When you have a business which needs a lot of capital but you got these capital assets without paying for them, then in my book they start looking like a capitalite bet.”
Despite market headwinds and volatility, his long-term optimism remains firm: “I’m always a bull on America,” Pabrai concluded. “Let the country do what it does well — just let it rip.”
You can watch the entire interview here:
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