With Warren Buffett Stepping Down in January, Is Berkshire Hathaway Still a Buy?

When legendary investor Warren Buffett announced at an annual shareholder conference in May that he would step down as chief executive officer of Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) effective this coming Jan. 1, attendees were shocked. Berkshire Class A shares, which had been trading near all-time highs, fell almost 5% as investors grappled with what his departure would mean for the company.Buffett has praised his successor, Greg Abel, saying in 2023, "He does all the work, and I take all the bows," and calling Abel "a big improvement over me."Yet year to date, Berkshire Hathaway shares have returned about 9%, compared to the S&P 500's 15% rise. The underperformance comes as investors rue the loss of the Buffett premium -- the higher price investors were willing to pay for shares of a company with Buffett in charge.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool