Greg Abel Sells Visa and Mastercard Stock but Retains American Express
In his first quarter as CEO of Berkshire Hathaway, Greg Abel reduced the company's equity portfolio from 42 to 29 stocks by selling positions in financial giants like Visa and Mastercard. Notably, he retained American Express, a long-time favorite of Warren Buffett due to its durable competitive edge.
Topics: American Express Berkshire Hathaway CEO Strategy Mastercard Visa