Warren Buffett to Step Down by End of 2025. Here Are 3 Stocks He Might Buy on the Way Out

It's official. Warren Buffett has asked the board of Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) to replace him as chief executive officer by the end of 2025. Now 94 years old, Buffett has been signaling a leadership transition for years, carefully building a team capable of heading the diversified business giant in the decades to come. Before he gives up some of his power, Buffett might choose to up Berkshire's stakes in some of his favorite investments. If that occurs, I'm betting on the three stocks below. Buffett is a big fan of Occidental Petroleum (NYSE: OXY). Don't take my word for it -- just ask him. He apparently "read every word" of the company's earnings transcript one quarter, noting that the company's management was doing "exactly what I would be doing." CEO Vicki Hollub was "running the company the right way," Buffett added. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool