Is Greg Abel Betting on Lower Interest Rates? The Berkshire Hathaway CEO Just Trimmed Bank Stocks Like Bank of America and Bought 3 Stocks That Would Benefit From Lower Yields.
Bank don't necessarily thrive amid low interest rates.
Berkshire Hathaway's stock has flourished over the past six decades, outperforming the S&P 500 index by a vast margin. Warren Buffett's ownership has led to a remarkable annualized return of 19.7% compared to the S&P 500's 10.5%. Even if the company's shares plummeted by 99% tomorrow, Berkshire Hathaway would still surpass the benchmark over the 60-year period.
Now, under the leadership of Greg Abel, the task lies in continuing this impressive streak. Berkshire Hathaway's $1.1 trillion enterprise is set to maintain its edge in the years ahead.
Written by urgent.news from Motley Fool's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
- Berkshire Hathaway Outperformed the S&P 500 Over a 60-Year Period Under Warren Buffett. Here's the Stock That Could Help Continue the Streak Under Greg Abel. fool.com
- Is Greg Abel Betting on Lower Interest Rates? The Berkshire Hathaway CEO Just Trimmed Bank Stocks Like Bank of America and Bought 3 Stocks That Would Benefit From Lower Yields. nasdaq.com
