Move Over, Alphabet! Warren Buffett's Successor, Greg Abel, Has Nearly $47 Billion Devoted to This Top Investment Idea
The Oracle of Omaha’s protégé is finding deals aplenty in one overseas market.
Overview
It's the dawn of a new era for Berkshire Hathaway (NYSE:BRKA)(NYSE:BRKB). Following Warren Buffett's retirement as CEO on Dec. 31, the trillion-dollar conglomerate that the Oracle of Omaha helped build entered the year with a new boss for the first time in over half a century.
His successor, Greg Abel, has wasted little time making his mark. He jettisoned 16 stocks from Berkshire's $360 billion investment portfolio during the first quarter and absolutely piled into Google parent Alphabet (NASDAQ:GOOGL)(NASDAQ:GOOG).
Warren Buffett retired as Berkshire Hathaway's CEO on Dec. 31. Image source: Getty Images.
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Originally published at www.fool.com.
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