Warren Buffett to Step Down as Berkshire Hathaway's CEO: 7 Reasons the Ultimate Buffett Stock Is Still a No-Brainer Buy
The day that I and many other investors dreaded for years arrived on Saturday. Warren Buffett announced at Berkshire Hathaway's (NYSE: BRK.A) (NYSE: BRK.B) annual shareholder meeting that he plans to step down as CEO at the end of 2025. Buffett told shareholders that he had only revealed the news beforehand to his children, Howard and Susie, both of whom are members of Berkshire's board.This announcement wasn't a complete surprise. Buffett, who celebrated his 94th birthday last August, wrote in his annual shareholder letter in February that "it won't be long" before he will no longer serve as the company's CEO. Still, his passing the baton will mark the end of an era.Does this mean that Berkshire Hathaway stock will no longer have the appeal it's had for decades? I don't think so. Here are seven reasons the ultimate Buffett stock is still a no-brainer buy.Continue reading
The day that I and many other investors dreaded for years arrived on Saturday. Warren Buffett announced at Berkshire Hathaway's (NYSE: BRK.A) (NYSE: BRK.B) annual shareholder meeting that he plans to step down as CEO at the end of 2025. Buffett told shareholders that he had only revealed the news beforehand to his children, Howard and Susie, both of whom are members of Berkshire's board.
This announcement wasn't a complete surprise. Buffett, who celebrated his 94th birthday last August, wrote in his annual shareholder letter in February that "it won't be long" before he will no longer serve as the company's CEO. Still, his passing the baton will mark the end of an era.
Does this mean that Berkshire Hathaway stock will no longer have the appeal it's had for decades? I don't think so. Here are seven reasons the ultimate Buffett stock is still a no-brainer buy.
