Billionaire Warren Buffett Has a $348 Billion Dilemma -- and His Decision Is Only Getting Tougher
The Oracle of Omaha has a record-breaking treasure chest at his disposal, but there's nothing to use it on.
There isn't a money manager on Wall Street who garners more attention from professional and everyday investors than Berkshire Hathaway's (NYSE: BRK.A)(NYSE: BRK.B) billionaire CEO Warren Buffett. When you deliver an aggregate return for your company's Class A shares (BRK.A) of better than 5,910,000% over six decades (as of the closing bell on June 11), you're going to draw a crowd.
But the aptly dubbed "Oracle of Omaha" is also 94 years old and readying to hang up his proverbial work coat. During Berkshire's annual shareholder meeting in early May, Buffett announced his plan to step down as the company's CEO by the end of the year and hand over the reins to predetermined successor Greg Abel.
Though Warren Buffett's time at the helm is limited, it doesn't change the fact that he's facing a $348 billion dilemma, which is seemingly getting tougher by the day.
