Warren Buffett's Berkshire Hathaway liquidated its positions in a number of high-profile companies during the fourth quarter, but the Oracle of Omaha has hung on to his huge stake in Coca-Cola. And Coke's nearly 4% drop is a weight on Buffett's portfolio.
A hot topic on Wall Street last week was who would potentially replace the Oracle of Omaha at Berkshire Hathaway when he leaves. The latest candidate? Li Lu, a relatively unknown fund manager whose portfolio has averaged a 24% annual return.
Questions about whether Goldman Sachs Group chairman and CEO Lloyd Blankfein can stay in his job are mounting. Could Buffett step in?
If you always wished you could invest in Warren Buffett's Berkshire Hathaway, but couldn't swing the $3,400-plus share price, now's your chance. Shareholders have approved a 50-to-1 split of the company's Class B shares, meaning the price will drop to about $67 a share on Thursday.
