Warren Buffett's Successor, Greg Abel, Is Betting Big on a Virtual Monopoly That's About to Become Berkshire Hathaway's 4th-Largest Holding
This isn't your grandparents' Berkshire anymore -- tech stocks are on the menu!
Warren Buffett's Successor, Greg Abel, Is Betting Big on a Virtual Monopoly That's About to Become Berkshire Hathaway's 4th-Largest Holding
Overview
This year marks a new era for the trillion-dollar company that billionaire Warren Buffett built. The Oracle of Omaha retired as Berkshire Hathaway's (NYSE: BRKA)(NYSE: BRKB) CEO on Dec. 31, officially passing the torch to his protégé, Greg Abel.
Abel has wasted little time making his presence known. According to Berkshire's first-quarter Form 13F, he completely exited 16 positions and put tech stocks back on the menu, as evidenced by his sizable investment in Google parent Alphabet (NASDAQ: GOOGL)(NASDAQ: GOOG).
Details
It took just one quarter for Abel to make clear that this isn't your grandparents' Berkshire Hathaway anymore -- and he's not done transforming Berkshire's $325 billion investment portfolio just yet.
Source
Originally published at www.fool.com.
