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Investing involves risk including the potential loss of principal. Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions. Key Principles We value your trust. Our mission is to provide readers with accurate and unbiased information, and we have editorial standards in place to ensure that happens.
We maintain a firewall between our advertisers and our editorial team. Our editorial team does not receive direct compensation from our advertisers. Coca-Cola Buffett famously consumes five ounce servings of Coke per day, and once said he is "a quarter Coca-Cola" based on the drink's share of his caloric intake. That accounts for 9. After Buffett began accumulating the position in , he said he planned to hold it "for a long time" in the next letter to shareholders. Buffett, who turned 91 on Aug.
As he aged, many investors and analysts grew concerned about the absence of a formal succession plan at Berkshire Hathaway. At the company's shareholders meeting, Buffett said he expects to be succeeded as CEO by Greg Abel , head of the company's Berkshire Energy Holdings power and natural gas distribution subsidiary.
Warren Buffett runs the Berkshire Hathaway holding company, which, in turn, is a major shareholder of a number of large public companies. OXY , U. Buffett began accumulating Berkshire Hathaway shares in and bought the company outright in He had agreed to sell his stock to management, only to discover that the tender offer's price was below that he had been promised. He bought the first insurance business for Berkshire Hathaway in and closed the company's last textile mill in Article Sources Investopedia requires writers to use primary sources to support their work.
These include white papers, government data, original reporting, and interviews with industry experts. We also reference original research from other reputable publishers where appropriate.
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