With Warren Buffett Stepping Down as CEO of Berkshire Hathaway, Could Coca-Cola and American Express Be on the Chopping Block?
Buffett said he would hold these stocks forever, but forever is coming to a close?
Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) has an equity portfolio that typically features around 50 stocks, but CEO Warren Buffett definitely plays favorites. There are a select few stocks that he has praised over and over again and that he said he'd never sell while he was in charge, including Apple, Coca-Cola (NYSE: KO), and American Express (NYSE: AXP).
Berkshire Hathaway has already sold around half of its position in Apple over the past year or so, although it's still the largest position by far, accounting for around 22% of the total. He hasn't touched a share of Coca-Cola or American Express, though. With Buffett stepping down and Greg Abel taking over, could these stocks be on the chopping block?
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