"Indeed, Berkshire Hathaway was built to last, and while there are sure to be a few nervous investors who overestimate the challenges faced by the new CEO, Greg Abel, I think that the biggest Buffett bulls should play the long game and continue to find moments to be a bit greedier at times when there's great fear in the hearts of other investors."
"Of course, I'm talking about the paring of the stake in shares of Kraft Heinz ( NYSE:KHC) or, at the very least, setting the stage for a steady offloading of the stake "from time to time." Of course, the timing of selling shares is uncertain at this point, given it's pretty much "on the shelf," but one has to think that Abel could be in a great spot to deploy much, if not all, of the proceeds into better opportunities."
Berkshire Hathaway faces a post-Buffett leadership transition with Greg Abel as CEO while the company’s long-term values remain intact. The firm’s structure and capital allocation discipline position it to perform well over decades. Shareholders are encouraged to stay invested and consider buying during periods of market fear. Abel’s team has initiated a reduction of the Kraft Heinz stake, preparing for steady offloading and redeployment of proceeds into better investments. Kraft Heinz represented a significant Berkshire misstep, with shares down about 46% from 2022 highs and over 75% from 2017 peaks.
Read at 24/7 Wall St.
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