Warren Buffett and Greg Abel Have Already Made Close to $8 Billion in Gains and $424 Million in Dividends This Year on 1 of Their Oldest, Most Boring Stocks
Berkshire Hathaway's portfolio has some big winners this year.
Overview
It's hard to believe that Berkshire Hathaway (NYSE: BRKA)(NYSE: BRKB) stock is still underperforming the broader market this year. Yes, there is a new chief overseeing the company, Greg Abel, and it's the first time in over six decades that former CEO Warren Buffett has not sat at the helm.
Still, Buffett is executive chairman of the board and remains actively involved in the company. While the large conglomerate depends on more than just its equity portfolio, some of Berkshire's largest stock holdings have generated strong gains this year.
Details
In fact, Berkshire has already made close to $8 billion in gains and $424 million in dividends this year from one of its oldest, most boring stocks.
Source
Originally published at www.fool.com.