Warren Buffett will retire as CEO of Berkshire Hathaway in 2026 after leading the company to outperform the market for over six decades. New CEO Greg Abel takes over a company in excellent shape, with a strong balance sheet and diverse business portfolio. Class B shares provide an affordable entry point for investors at under $500.

Despite Buffett’s departure, Berkshire Hathaway remains a solid investment with a long track record of success. The company’s large cash reserves and stable businesses offer investors a safe haven during market turbulence. While the stock may see some short-term impact from Buffett’s exit, long-term prospects remain strong under Abel’s leadership.

Investors can purchase Class B shares of Berkshire Hathaway under $500, trading at around 185% of tangible book value. The company’s diverse portfolio, including investments in companies like Apple and Coca-Cola, offers potential for long-term growth. While Berkshire may not be a high-growth stock, it is a reliable choice for investors seeking stability and consistent returns.

Read more at Nasdaq: Should You Buy Class B Shares of Berkshire Hathaway While They’re Below $500?