Buying and holding great companies for the long run is a tried and tested way of building one's wealth in the stock market. Such a strategy allows investors to gain from emerging opportunities and benefit from the power of compounding. For instance, a $100,000 investment in Microsoft stock a decade ago would be worth close to $1 million now, assuming the dividends were reinvested. Read More...
Barrons.com
Buffett’s Likely Successor Buys $68 Million of Berkshire Stock
Berkshire Hathaway Vice Chairman Greg Abel, the likely successor to CEO Warren Buffett, bought about $68 million of the company’s shares last Thursday in what appears to be his first purchases of Berkshire stock since he assumed the position in 2018. In several Form 4 filings Monday with the Securities and Exchange Commission, Abel disclosed that he purchased 168 Berkshire Hathaway (ticker: BRK/A, BRK/B) Class A shares through the Gregory Abel Revocable Trust on behalf of his wife, children, and other family members. Abel paid in a range of roughly $405,000 to $408,000 per class A share for the Berkshire stock, which closed Monday at $413,300, up 1.7% on the session.
