Abel: Berkshire must have leaders who embody its principles, rather than having the principles adapt to individuals.

In the shareholder letter, Abel stated: "We seek the best managers to operate our subsidiaries, who in turn lead talented teams. We adopt a decentralized model, granting autonomy on a foundation of trust. We minimize bureaucracy as much as possible, providing independence to our managers so they can focus tirelessly on their business. In return, we expect them to demonstrate a sense of responsibility and honesty in performance. This autonomy attracts outstanding talent to join Berkshire. Our decentralized model is a competitive advantage, attracting managers who thrive and fulfill their responsibilities in autonomy. Berkshire must have leaders who embody its principles, rather than adjusting principles to individuals."