1 No-Brainer Stock to Buy Now and Hold Forever
It finally happened. Warren Buffett, the longtime CEO of Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B), announced during the company's recent annual meeting that he would be stepping down as head of the conglomerate by year-end. Buffett is 94 years old, so his decision can't be too much of a surprise.However, some investors are worried. Buffett's leadership is one of the key reasons Berkshire Hathaway has produced market-beating returns over the past few decades. The man earned the title of the greatest investor of all time for a reason. How will things evolve once he is no longer at the head of the company? Can it still produce excellent returns to loyal shareholders?These fears are what likely led to the conglomerate's shares falling by 5% after Buffett broke the news. However, my view is that Berkshire Hathaway remains an excellent "forever" stock, even as Buffett is stepping down.Continue reading
It finally happened. Warren Buffett, the longtime CEO of Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B), announced during the company's recent annual meeting that he would be stepping down as head of the conglomerate by year-end. Buffett is 94 years old, so his decision can't be too much of a surprise.
However, some investors are worried. Buffett's leadership is one of the key reasons Berkshire Hathaway has produced market-beating returns over the past few decades. The man earned the title of the greatest investor of all time for a reason. How will things evolve once he is no longer at the head of the company? Can it still produce excellent returns to loyal shareholders?
These fears are what likely led to the conglomerate's shares falling by 5% after Buffett broke the news. However, my view is that Berkshire Hathaway remains an excellent "forever" stock, even as Buffett is stepping down.
