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.
Key PointsBerkshire reduced several of its bank positions in the second quarter.
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.
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- 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. fool.com
- 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. nasdaq.com
