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The Sage of Omaha's company will make over $1.2 billion from the sale, according to an announcement on Monday.
Five of Warren Buffett's closest followers told BI they expect Greg Abel to be more hands-on, focus on deals, and perhaps ...
Warren Buffett donates $6 billion in Berkshire stock to five foundations, bringing his lifetime giving to over $60 billion as part of his pledge to donate most of his fortune to charity.
According to the Associated Press, Berkshire Hathaway owns Geico, Dairy Queen, among other businesses, and Buffett is donating nearly 12.4 million of the Class B shares of its stock.
The correction seems overdone, but the stock still isn’t all too cheap. Don’t underestimate the capabilities of Buffett’s successors. Perhaps he’s as good at picking managers as he is stocks.