Warren Buffett Shocks Wall Street With Retirement Plans. Is Berkshire Hathaway Stock Still a Buy? (Hint: Follow Buffett's Lead.)

Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) shares have advanced 9% year to date, but the stock has actually tumbled 8% over the last month because CEO Warren Buffett shocked Wall Street on May 3 when he announced plans to retire this year.Buffett recently said he has no plans to sell any Berkshire stock and reiterated his confidence in successor Greg Abel, currently CEO of Berkshire Hathaway Energy. "I think the time has arrived where Greg should become chief executive officer of the company at year end," Buffett told attendees at the recent shareholder meeting.However, Buffett's business acumen has been a central part of the investment thesis for decades. With his retirement imminent, is Berkshire stock still a buy?Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool