Prediction: This Will Be The First Major Stock Purchase by Berkshire Hathaway in the Post-Buffett Era
Greg Abel is taking over as CEO of Berkshire Hathaway, leading investors to speculate what may change at the financial juggernaut.
Besides news about tariffs, one of the bigger storylines in the financial world as of late has to do with Warren Buffett stepping down as CEO of Berkshire Hathaway at the end of the year.
While his resignation came as a shocker for most, tapping Greg Abel as his successor wasn't much of a surprise. Still, the big question on everyone's mind right now revolves around what Berkshire may look like in a post-Buffett era.
With a mind-boggling $348 billion of cash and short-term investments on Berkshire's balance sheet, Abel and his team will have a profound level of financial flexibility. I'll break down why I think SoFi Technologies (NASDAQ: SOFI) could be the first major purchase Berkshire makes once Abel takes over as CEO.
