Berkshire Hathaway stock opens slightly down as Wall Street reacts to Buffett plans to step down

Berkshire Hathaway stock opens slightly down as Wall Street reacts to Buffett plans to step down

Wall Street’s reaction seemed somewhat muted to Warren Buffett’s plans to step aside as CEO of Berkshire Hathaway, the company’s stock down moderately when the market opened Monday morning.

For 60 years, investor legend Warren Buffett has been at the head of Berkshire Hathaway. Of course, in such a long period of time, he has also lost major and minor decisions. However, his most expensive misinvestment in life was, according to Buffett's own statement, the purchase of Berkshire itself.

Berkshire stock drops moderately as Wall Street reacts to Warren Buffett's succession plan

Wall Street’s reaction seemed somewhat muted to Warren Buffett’s plans to step aside as CEO of Berkshire Hathaway, the company’s stock down moderately when the market opened Monday morning.

Warren Buffett is retiring: Here’s a look at his best and worst Wall Street investments

Billionaire investor Warren Buffett said Saturday that he wants to step down as chief executive of Berkshire Hathaway at the end of the year. The revelation came as a surprise because the 94-year-old had previously said he did not plan to retire.Buffett, one of the world’s richest people and most accomplished investors, took control of Berkshire Hathaway in 1965 when it was a textiles manufacturer. He turned the company into a conglomerate by fi…

Berkshire Hathaway announced that Warren Buffett will remain president of the company; however, his resignation as CEO to his successor Greg Abel, caused a fall in the New York Stock Exchange. The company’s titles point to a fall of 4.17 percent, to $517.23 (Mexico City, 10:40 hours), in the first operations of the week. Last Saturday the 94-year-old tycoon announced that he would put an end to six decades of leadership at the head of the group.…

Of course, even the legendary investor has had some bad decisions to make. Recent ones include airlines, a quick sell-off of TSMC shares, or a purchase of Paramount stock.