Berkshire Hathaway: Is the Stock Still a Safe Buy Without Warren Buffett?
There are signs the company is going in a different direction under new CEO Greg Abel.
Berkshire Hathaway, led by CEO Greg Abel since Warren Buffett stepped down as chairman, has experienced a 9% gain this year. While Abel, who has no prior experience managing a portfolio of Berkshire's size, is expected to continue running the business, investors are questioning its long-term safety. The company's growing interest in tech stocks, including recent investments in Alphabet and Bending Spoons, has raised concerns about potential increased risk and volatility.
Buffett acknowledged that "Father Time always wins," implying his reduced involvement in the company's affairs. As such, investors may want to adopt a wait-and-see approach, as Berkshire Hathaway's portfolio could look significantly different over the next few years.
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