Whether uncovering a new idea for our research subscribers, managing pension funds, or handling accounts for individual investors, our research-driven insights help both professional and individual investors pursue their investment goals.
Boyar Asset Management focuses on investing in the equity securities of intrinsically undervalued companies.
"The World According to Boyar podcast brings top investors, best selling authors, and market newsmakers to show you the smartest ways to uncover value in the stock market."
Boyar Research President Jonathan Boyar appeared on Yahoo Finance's Market Domination to discuss Warren Buffett's impending retirement as CEO of Berkshire Hathaway on January 1, 2026, and how successor Greg Abel might steer the company forward.
In the interview, Boyar praised Buffett as the irreplaceable "secret sauce," noting, "People love to do deals with Warren Buffett," which has allowed him to attract opportunities others couldn't. He acknowledged Buffett's hands-off, decentralized approach has fueled massive success but leaves room for efficiencies, such as trimming excess costs, consolidating divisions, and boosting overall profitability—areas where Abel, a stronger operational manager, could excel. Boyar remained bullish on Berkshire's outlook, and thought that Abel could tackle the company's oversized cash reserves through measures like initiating dividends, accelerating share buybacks, or pursuing needle-moving acquisitions.
Watch the full interview below:
Question: "What are the negatives, if you can try and qualify them, of Buffett leaving? What do you think can't be replaced?"
— Yahoo Finance (@YahooFinance) December 16, 2025
"Him," Boyar Research president Jonathan Boyar replies. "I mean, he is the secret sauce. People love to do deals with Warren Buffett." pic.twitter.com/zkkuuj8Z1b
Important Disclaimer: This material does not constitute an offer to sell or a solicitation of an offer to buy any of the securities described herein in any state to any person. In addition, the discussions and opinions in this letter and the material contained herein are for general information only and are not intended to provide investment advice. All statements contained in this letter that are not clearly historical in nature or that necessarily depend on future events are "forward-looking statements," which are not guarantees of future performance or results, and the words "will," "anticipate," "believe," "expect," "potential," "could," "opportunity," "estimate," and similar expressions are generally intended to identify forward-looking statements. The projected results and statements contained in this letter and the material contained herein that are not historical facts are based on current expectations, speak only as of the date of this letter and involve risks that may cause the actual results to be materially different. Certain information included in this material is based on data obtained from sources considered to be reliable. No representation is made with respect to the accuracy or completeness of such data, and any analyses provided to assist the recipient of this material in evaluating the matters described herein may be based on subjective assessments and assumptions and may use one among alternative methodologies that produce different results. Accordingly, any analyses should also not be viewed as factual and also should not be relied upon as an accurate prediction of future results. All figures are unaudited estimates and subject to revision without notice. Boyar Asset Management disclaims any obligation to update the information herein and reserves the right to change any of its opinions expressed herein at any time as it deems appropriate. Boyar Asset Management clients and its employees own shares of Berkshire Hathaway.