Warren Buffett's Successor Just Bought $25 Million in Berkshire Stock: Should You Follow?
It has rarely been a bad idea to purchase more shares of Berkshire, given that the company has compounded value at a stunning 19.8% rate over 57 years through 2022. Last week, it was reported that Greg Abel, who currently heads the Berkshire Hathaway Energy division and is also a vice chairman of the company, purchased $24.6 million in Berkshire stock, increasing his stake in the Buffett-led giant by about 30%. For those who haven't been following Berkshire closely over the past few years, Abel is one of a handful of key Berkshire executives outside of Buffett and partner Charlie Munger.