The Clark Howard Podcast 01.13.26 Ask An Advisor With Wes Moss
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Jan 13, 2026 Wes Moss and Clark Howard explore the pivotal transition at Berkshire Hathaway as Buffett steps down. They dissect Buffett's impressive returns and discuss the implications for investors. The hosts delve into the importance of leadership and whether the 'Follow the Jockey' principle applies moving forward. Looking ahead to 2026, they highlight factors like AI's potential, interest rates, and tax refunds that could influence the market. Listener questions add a personal touch, with practical advice for both young investors and those pondering their strategies.
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Follow The Jockey, Not The Horse
- Clark recalled advice from his father who worked on the NYSE about following the jockey, not the horse.
- That story frames concern that Berkshire lost its iconic leaders and the company will be different going forward.
Buffett's Vote Of Confidence In Greg Abel
- Greg Abel received Buffett's strong endorsement as the most competent person he knows to manage Berkshire.
- That vote of confidence points to operational continuity and a focus on business fundamentals under new leadership.
Berkshire As A Unique Public-Owned Private Portfolio
- Berkshire gives public-market access to many privately run businesses without typical private equity fee layers.
- That structure offers diversified private-ownership exposure inside a public company.