Warren Buffett and his one-time partner Charlie Munger created something very special as they built Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) into a Wall Street icon. However, Munger passed away in late 2023, and Buffett is not a young man. It seems highly likely that there will be a new chief executive officer at the helm of Berkshire Hathaway at some point in the next 10 years. If you own this stock, or are considering buying it, you need to consider what happens after the Oracle of Omaha leaves the stage.

The thing about Warren Buffett is that he's not your typical CEO. He didn't work his way up in an operating company, learning how to run a business and beating out his peers to advance to the top job. He has spent the vast majority of his life as an investor. And, more to the point, he ran Berkshire Hathaway as an investor.

Image source: The Motley Fool.

Continue reading

Source Fool.com