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Not So Fast! One Warren Buffett's Core Positions at Berkshire Hathaway May Not Get the Heave-Ho by Successor Greg Abel After All.
The Motley Fool·
After selling over 549 million shares (53% of its position) in Bank of America over eight consecutive quarters, Berkshire Hathaway may reverse course on divesting the stock. Recent catalysts including BofA's improved valuation (30% premium to book value vs. 65% premium in August) and the Federal Reserve's new rate-hiking cycle have made the interest-sensitive bank more attractive again, potentially keeping it as a core holding under CEO Greg Abel.
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