Warren Buffett is no longer in charge, but Berkshire's latest purchase is right from his playbook

Warren Buffett, the former CEO and chairman of Berkshire Hathaway, has stepped down from his positions, yet the company is still following his investment strategies. The conglomerate has significantly increased its stake in homebuilder Lennar, holding around 11% of the company this quarter, according to recent filings. Lennar's stock has been on a downward trend for the past two years, having more than halved in value.

Despite Buffett's retirement, Berkshire Hathaway continues to capitalize on his investment approach, which involves acquiring stocks at discounted prices and holding them for the long haul. The company's investment manager, Ted Weschler, is likely the one behind this latest Lennar purchase, with the new CEO Greg Abel's approval.

At 96 years old, Buffett remains a successful investor, having led Berkshire Hathaway's stock price to soar by 6,100,000% since its inception in 1965, far outpacing the S&P 500's 46,000% return over the same period.