Warren Buffett Has Officially Left Berkshire Hathaway After 61 Years. But 3 of His Favorite Stocks Will Likely Live on in Berkshire's Portfolio for Decades to Come.
The most iconic career in the investing world has now come to an end.
Overview
Warren Buffett just stepped down as chairman of Berkshire Hathaway (NYSE: BRKA)(NYSE: BRKB), ending an epic run. The Oracle of Omaha started investing in Berkshire, then an old textile manufacturer, in 1962 and turned it into one of the world's largest conglomerates.
Greg Abel is now chief executive officer, and Buffett's son, Howard, will replace him as chairman of the board of directors.
Details
"Father Time always wins," Buffett wrote in a farewell letter to shareholders. "He has, however, been generous with me. He has given me the opportunity to see Berkshire reach a point where I am more confident than ever about what lies ahead."
Source
Originally published at www.fool.com.
Related Articles
- Got $5,000? 2 Super Growth Stocks Building the Cybersecurity Layer of Artificial Intelligence (AI).
- History Says This 1 Investment Could Set You Up for Life. Here's the Math.
- Penguin Solutions Is Heating Up, But It's Still Down 30% From Its All-Time High. Here's What Investors Should Know Before It Reports Earnings in Early October.
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.