Berkshire Hathaway, the sprawling industrial conglomerate and investor in top US companies run by Warren Buffett, seems to be preparing for the time when Buffett is no longer around
Buffett said in his annual shareholder letter, released Saturday morning, that two other Berkshire Hathaway vice chairmen will be getting a lot more face time at the company's annual meeting -- which some have dubbed the Woodstock for Capitalists.
2 billion and operating earnings of $4.4 billion.But Buffett has lagged the stock market as of late, despite Berkshire's massive bet on Apple and a small position in Amazon . Berkshire Hathaway shares are up about 12% in the past year while the S&P 500 has gained more than 20%. Berkshire's investments in Wells Fargo and Delta have underperformed.And Kraft Heinz has been a spectacular bust for Berkshire Hathaway.
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