"If any investor has stood the test of time, it's Warren Buffett, and with good reason. For years, the "Oracle of Omaha" has had a rock star-like presence in the investing world, and his annual Berkshire Hathaway shareholders meeting draws thousands of loyal fans who are investors. They were stunned at this year's meeting when Mr. Buffett announced that he would be stepping down as CEO of the investment giant at the end of the year."
"While he will remain Chairman of the Board and continue to have a voice in the day-to-day operations, his pre-announced successor, Greg Abel, will assume the CEO position at the end of the year. As 2025 winds down, Mr. Buffett will step away, making far fewer appearances and will not be onstage at the next shareholder meeting. Greg Abel will take the stage for the next meeting and write the annual shareholder letter."
"Long-time investors and Buffett mavens are familiar with his quote, "His favorite holding for an S&P 500 stock is forever", so it's not surprising to report that for all of the success and stature Berkshire Hathaway has in the investment world, 5 top companies make up over 70% of the fund's total holdings. While much more concentrated than most portfolio managers would ever consider, the strategy has worked for Berkshire Hathaway investors for years."
Warren Buffett will step down as Berkshire Hathaway CEO at year-end and will remain Chairman while Greg Abel assumes the CEO role. Buffett will make far fewer public appearances, will not be onstage at the next shareholder meeting, and Greg Abel will lead the next meeting and write the annual shareholder letter. Berkshire Hathaway's portfolio is highly concentrated: five top companies comprise over 70% of total holdings. The concentrated, dividend-paying strategy has produced long-term success and is expected to persist. A portfolio screen identified longtime dividend-paying stalwarts likely to remain for decades.
Read at 24/7 Wall St.
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