Berkshire Hathaway has lost its charm as an attractive investment after Warren Buffett handed over the reins to his successor Greg Abel, said veteran American investor Michael Burry.
Burry, who is famous for correctly predicting the 2008 financial crisis, said that his biggest fear for Berkshire Hathaway was that when Buffett finally steps down, his successor would be too old and “otherwise not Warren”, and hence he would not have patience for his “fat pitch”. “I believe this fear has come true. I do not find Berkshire an attractive investment going forward,” he wrote in a blog post.
