Good morning, you're listening to Markets Desk.
Warren Buffett's departure as Berkshire Hathaway chairman marks the end of an era, but the deeper question for shareholders isn't sentiment — it's execution. Greg Abel inherits a fortress balance sheet and a capital allocation machine built over decades, and the market's flat response this year suggests investors are still pricing in the uncertainty of life without the Oracle at the helm.
Shifting to the next generation of Wall Street talent, Goldman Sachs dropped its eleventh annual intern survey, polling nearly twenty-one hundred participants. The results offer a candid window into how young finance professionals are embracing artificial intelligence across their work — but drawing a hard line when it comes to their personal lives, signaling that even the most tech-forward cohort values human judgment where it counts most.
And on the ETF front, a closer look at Vanguard's Growth ETF, ticker VUG, is challenging a common assumption. Many investors believe they're buying the fastest-growing companies in the market, but the fund actually runs through six distinct fundamental metrics in its selection process — meaning growth, as Vanguard defines it, is considerably more nuanced than the name implies.
That's the tape. Markets Desk, signing off the floor.
