Berkshire stumbles without Buffett
Berkshire Hathaway has been hit hard since Warren Buffett announced in May he would step down.
🟡 Stock is down ~14% since May 2
🟡 S&P 500 is up ~11% in the same period
🟡 ~25% gap - the widest in decades, bigger than 2008 or 2000
The market’s making it clear — it was buying Buffett, not just the business.