Warren Buffett’s Berkshire Hathaway stock underperforms the market, rising only 10% this year compared to the market’s 14%. Buffett is stepping down as CEO, replaced by Greg Abel. The stock is known for its portfolio of public companies, including American Express, Coca-Cola, and Bank of America.
Buffett’s departure raises questions about the future of Berkshire Hathaway. Abel, not a stock picker like Buffett, takes over as CEO. Buffett’s history of smart deals and stock picks has made Berkshire Hathaway a favorite among investors.
Buffett’s legacy includes smart deals like the one with Goldman Sachs in 2008, which boosted market confidence. Abel must maintain Berkshire Hathaway’s success to keep investors happy. Retirement planning may not require picking the best stocks or ETFs, but rather understanding accumulation vs distribution.
The stock’s future hinges on Abel’s ability to maintain Buffett’s success. Half of Berkshire Hathaway’s value is in just three dividend stocks. Retirement planning involves answering three quick questions to potentially retire earlier than expected. Planning for retirement involves understanding the difference between accumulation and distribution.
Read more at Yahoo Finance: Berkshire Hathaway May Not Come Back
