Overview
- Warren Buffett is stepping down as Berkshire Hathaway’s CEO at year‑end and will no longer write the company’s annual letters, closing a six‑decade run.
- Recent coverage highlights core principles he has championed: focusing on business fundamentals over stock moves, buying quality at fair prices, and staying within one’s circle of competence.
- A reported purchase of Pool Corp is cited as a current example of buying when others sell, with the stock down roughly 60% from pandemic highs.
- Pool Corp’s valuation is framed as attractive by commentators, noting about a 2.1% dividend yield, a price‑to‑sales ratio near 1.7x versus a five‑year average of ~2.7x, and a P/E near 22 versus a long‑term ~26.
- Analysis pieces also contrast Buffett’s concentrated, long‑term style with Bill Ackman’s evolving approach as Pershing Square emphasizes durable holdings and a Berkshire‑like model.