Warren Buffett Just Revealed He Personally Chose Berkshire's Newest Mega-Stock. Here's Why That Changes Everything.
The "Oracle of the Omaha" isn't slowing down much, if at all.
Overview
Most people who live to age 95 retired decades earlier. So when Warren Buffett announced last year that he planned to step down as CEO of Berkshire Hathaway (NYSE: BRKA) (NYSE: BRKB), some assumed that he wouldn't be very active in the company after the transition. After all, he was turning Berkshire over to a capable executive, Greg Abel, whom he respected and trusted.
Many (including me) thought that Abel was the key force behind Berkshire significantly boosting its stake in Google parent Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) in the first half of this year. But Buffett recently revealed that he personally made the decision. Here's why that changes everything for Berkshire Hathaway shareholders.
Image source: The Motley Fool.
Details
Source
Originally published at www.fool.com.
Related Articles
- Stock futures fall as investors gear up for more earnings, Iran war remains in focus: Live updates
- I have children from my first marriage. Should my second husband inherit my house if I die?
- Quantum Computing Stocks IonQ, Rigetti, and D-Wave Are Sending Shockwaves Through Wall Street With This $988 Million Warning