In his inaugural shareholder letter as CEO of Berkshire Hathaway, Greg Abel outlined a focused vision for the company’s equity portfolio, designating four positions— Apple , American Express , Coca-Cola , and Moody’s —as enduring, long-term holdings expected to compound value over decades with minimal intervention. Notably absent from this “core” or “forever” list were two of the conglomerate’s largest current equity stakes: Bank of America and Chevron , both ranking in the top five by market value based on the latest disclosures.
This omission has sparked discussion among investors about whether these substantial positions face potential reduction or complete exit under Abel’s…