Is Berkshire Hathaway Stock a Buy Now?
Multibillionaire and investing legend Warren Buffett has guided Berkshire Hathaway (NYSE: BRK.B) (NYSE: BRK.A) as CEO for decades. It has become one of the world's largest companies, worth a staggering $1 trillion today.
Earlier this year, Buffett, currently 94, announced that he will step down from his CEO position at Berkshire Hathaway at year's end, formally handing over the reins to Greg Abel, the successor he previously named. Given the countless shareholders Berkshire Hathaway has enriched, it's safe to say that Buffett has earned his flowers.
Share prices of Berkshire Hathaway have declined nearly 10% from their high following the announcement of Buffett's decision, reflecting understandable concerns about whether the stock will continue to perform well in the post-Buffett era.
Source Fool.com
