Why Warren Buffett didnot choose his kids as successors

Warren Buffett, at 94, has announced Greg Abel as his successor as CEO of Berkshire Hathaway, surprising many by choosing an outsider over his children. Buffett's children, Howard, Peter, and the late Susan, received substantial financial support but were not considered for leadership roles. Buffett emphasized merit over nepotism, believing large inheritances can hinder ambition.