Move Over, Alphabet! Warren Buffett's Successor, Greg Abel, Has Nearly $47 Billion Devoted to This Top Investment Idea
It's the dawn of a new era for Berkshire Hathaway (NYSE:BRKA) (NYSE:BRKB) . Following Warren Buffett's retirement as CEO on Dec. 31, the trillion-dollar conglomerate that the Oracle of Omaha helped build entered the year with a new boss for the first time in over half a century. His successor, Greg Abel, has wasted little time making his mark . He jettisoned 16 stocks from Berkshire's $360 billion investment portfolio during the first quarter and absolutely piled into Google parent Alphabet (NASDAQ:GOOGL) (NASDAQ:GOOG) . Warren Buffett retired as Berkshire Hathaway's CEO on Dec. 31. Image source: Getty Images. Continue reading