Billionaire Warren Buffett Sold 39% of Berkshire's Stake in Bank of America and Is Piling Into a Historically Cheap Legal Monopoly

At the end of the year, billionaire Warren Buffett will officially step down as Berkshire Hathaway's (NYSE: BRK.A)(NYSE: BRK.B) CEO and hand the reins over to predetermined successor Greg Abel. In his 60 years at the helm, the aptly named "Oracle of Omaha" has overseen a cumulative return in his company's Class A shares (BRK.A) totaling more than 5,884,000%, as of the closing bell on June 27.Although Buffett is 94 years old, investors still wait on the edge of their seat for clues as to which stocks he's buying and selling. After all, mirroring his trading activity has been highly profitable for decades.Berkshire Hathaway CEO Warren Buffett. Image source: The Motley Fool.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool