Does Berkshire Hathaway CEO Greg Abel's New Favorite Stock, Alphabet, Achieve the Rule of 40?
The rule is a way for investors to assess how a company balances profitability and growth.
Overview
New Berkshire Hathaway Chief Executive Officer Greg Abel appears to have chosen his favorite stock early in his tenure.
Since Abel took over for Warren Buffett as the new chief of Berkshire Hathaway, the company has plowed more than $20 billion into Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) through open-market purchases and direct equity offerings.
Details
Alphabet, the parent company of Google, is now the fourth-largest position in Berkshire's portfolio when combining both Class A and Class B shares it owns.
Source
Originally published at www.fool.com.
Related Articles
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.