95-year-old Warren Buffett already introduced that he shall be stepping down from Berkshire Hathaway at yr finish. In February, successor Greg Abel will pen a annual shareholder letter however the WSJ studies immediately that Buffett will publish two letters on November 10 — one to Berkshire Hathaway shareholders and one to his three kids, presumably about his wealth.
Buffett will step down as CEO however will stay chairman.
Buffett is understood for a willingness to pay up for high quality however here’s a chart exhibiting that his huge bets have been at ranges far under what main corporations are buying and selling at now. That helps to elucidate why Berkshire is holding a lot money.
We should see if Greg Abel operates in a different way.