Warren Buffett Is No Longer Berkshire's Chairman. Here’s Why I'm Buying the Stock Anyway.
The Oracle of Omaha stepped down from his last active role with the conglomerate, but the investment thesis is intact.
Overview
Warren Buffett announced on Friday that he is stepping down as Executive Chairman of Berkshire Hathaway (NYSE:BRKA)(NYSE:BRKB), effective immediately. Buffett had already passed the CEO torch to Greg Abel at the end of last year, but had remained active through the chairman role, playing a major role in Berkshire's investment decisions this year.
He is now chairman emeritus, with his son, Howard Buffett, stepping into the role of chairman in a long-planned succession.
Image source: The Motley Fool.
Details
Source
Originally published at www.fool.com.
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