Warren Buffett’s successor is all-in on the company: He will spend his entire after-tax salary of $15M buying Berkshire Hathaway stock
Two months after taking over from Warren Buffett, Berkshire Hathaway CEO Greg Abel is putting his money where his mouth is.
The Berkshire boss said in a CNBC interview Thursday he would use his entire $15 million after-tax salary (his salary is $25 million for 2026) to purchase shares of the company he took over in January each year for as long as he is in charge.
Read MoreHow Warren Buffett's 90/10 Rule Can Transform Your Investment Strategy in Simple Steps
Buffett’s 90/10 rule is a simple, low-cost strategy that aligns with his belief in the power of the American economy.
Key Takeaways
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Warren Buffett’s 90/10 strategy involves allocating 90% of assets to a low-cost S&P 500 index fund and 10% to short-term government bonds.
Major Social Security Change Goes Into Effect This Weekend: What to Know
A major change is happening at the Social Security Administration this weekend, and customer service may be affected for beneficiaries nationwide.
Beginning Saturday, Social Security recipients will no longer be served by workers from their local field offices when scheduling appointments, as the agency moves to a fully nationalized customer service system.
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Read MoreForget QQQ: 3 Sector ETFs Quietly Outperforming Tech by a Mile in 2026
The tech sector is now massive, and buying the Invesco QQQ Trust (NASDAQ:QQQ) alone does not cut it. Instead, you should dig deeper and buy Global X Defense Tech ETF (NYSEARCA:SHLD), Tema Electrification ETF (NASDAQ:VOLT),
» Read more about: Forget QQQ: 3 Sector ETFs Quietly Outperforming Tech by a Mile in 2026 »
Read MoreThe Burst
Why This Buffett Stock Is a Forever Buy
Among Warren Buffett’s favorite investments is Coca-Cola, a Dividend King that has raised its dividend annually for a remarkable 62 consecutive years. This track record puts Coca-Cola in the elite club of dividend-paying stocks that have increased their dividends annually for at least 50 years.
Such consistent dividend hikes not only help investors to combat inflation but also substantially compound their returns.
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Read MoreThe Ivy
Is Your Favorite Pharmacy About To Go Belly Up?
Walgreens Boots Alliance stands at a critical juncture in the company’s 170-year history with revenues of $147 billion but a market capitalization of just $7 billion.
A heavily burdened balance sheet has been the prime culprit of the stock’s downfall but, under new CEO Tim Wentworth, management is undertaking an ambitious realignment aimed at stabilizing the core pharmacy business while taking the chop to some of its healthcare investments.
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Read MoreThe Spotlight
Forgot Zoom? That’s Why It’s Time To Buy
During COVID, you couldn’t tune into financial news networks without hearing about Zoom. The company and its stock was the poster-child for thriving businesses during lockdowns. On January 3, 2020, ZM share price closed at $67.28 per share. By October 16, just 10 months later, it had soared to $550 per share, an all-time high that still stands today.
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