"his annual Berkshire Hathaway Inc. ( NYSE: BRK-B) shareholders meeting draws thousands of loyal investors. They were stunned at this year's meeting when Buffett announced he would step down as CEO of the investment giant at year's end. While he will remain board chair 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."
"Long-time investors and Buffett mavens know that he favors holding S&P 500 stocks forever. So it's not surprising to report that, for all the success and stature Berkshire Hathaway has in the investment world, five top companies make up almost 64% 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 announced he will step down as CEO of Berkshire Hathaway at year's end while remaining board chair and retaining an influence on operations. Greg Abel has been named pre-announced successor and will assume the CEO role at the end of the year. Berkshire Hathaway's portfolio is highly concentrated, with five top companies representing almost 64% of total holdings, reflecting a long-term preference for holding S&P 500 stocks indefinitely. The concentrated, dividend-focused positions have historically worked for investors and are likely to persist under the new CEO. American Express is identified among the holdings examined.
Read at 24/7 Wall St.
Unable to calculate read time
Collection
[
|
...
]