When asked about the distribution of responsibilities between Abell and his two investment deputies Todd and Ted after he took over Berkshire, Buffett said that this decision will be left to Berkshire's board of directors to make, and after he is gone, he may try to “come back and see if they have a different approach.” However, Buffett stressed that if he were on the board of directors at that time, he might leave responsibility for capital allocation to Abel based on his understanding of Abel because he knew the business very well. Buffett said that if you know a company, you'll understand stocks; if you really know how a business works, you're an investment manager. Buffett said that the responsibility he bears now should be entirely borne by the next CEO, that is, Abel.