Warren Buffett isn’t the only chief executive officer that Berkshire Hathaway Inc. shareholders have to worry about replacing. Managing CEO turnover has become more demanding with the company’s expansion.
Warren Buffett, who built Berkshire Hathaway Inc. into a $250 billion company with funds from insurance units, said low interest rates create “dim prospects” for the industry that fueled his firm’s growth.
Warren Buffett bought oil stocks near the peak of an energy boom, declined to spend $35 million on a growing television station and swapped a Berkshire Hathaway Inc. stake for a shoe company he later said was worthless.
Warren Buffett’s Berkshire Hathaway Inc. invested $23.9 billion in the third quarter, the most in at least 15 years, as he accelerated stock purchases and broadened the portfolio beyond consumer and financial-company holdings.