Buffett Steps Down: Will Berkshire Still be The Best Defensive Stock?
Buffett will retire as CEO at the end of the year, with a personal net worth estimated at $151 billion. Since taking control of Berkshire Hathaway in 1965, Buffett has transformed the struggling textile company into a massive conglomerate with a market value exceeding $1 trillion. Do you have confidence in Buffett’s successor? Could Berkshire, like Apple under Cook, see a significant increase in business value after the leadership change?