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Warren Buffett's $174 Billion Warning to Wall Street Serves Up a Bitter Truth for Investors
The stock market's most-decorated money manager has been holstering his company's capital for more than two years for a very good reason.
This has been an exceptionally busy month for Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) shareholders, as well as investors who closely monitor the thoughts and trading activity of billionaire CEO Warren Buffett.
On May 3, Berkshire Hathaway held its annual meeting in front of approximately 40,000 attendees in Omaha, as well as released its first-quarter operating results. While Berkshire's annual meetings are known for their nuggets of investing wisdom from the Oracle of Omaha and his top advisors (which until his November 2023 passing had included his right-hand man, Charlie Munger), the bombshell takeaway from May 3 was the announcement that Buffett would step down as CEO and cede way to predetermined successor Greg Abel by the end of 2025.
But what if I told you there's an even bigger and more meaningful story playing out at Berkshire Hathaway?
