Berkshire Hathaway stock down 10% since CEO announced retirement, yet remains attractive long-term

Berkshire Hathaway has been underperforming the S&P 500 in recent months, with a noticeable shift in its investment thesis. Despite this, the company remains a balanced blue-chip stock for long-term investors. The stock fell 10% between its annual shareholder meeting and June 30, compared to a 9.1% gain in the S&P 500. Warren Buffett’s announcement of stepping down as CEO may have contributed to the sell-off, but some see it as a buying opportunity for those seeking a reliable blue-chip stock. Berkshire’s defensive nature and significant cash position make it an attractive option for investors despite recent underperformance.

Read more at Yahoo Finance: Should You Buy Berkshire Hathaway Stock, Even Though It’s Down 10% Since Warren Buffett Announced Retiring as CEO?