Yahoo Finance·2026-02-02 13:33Core Viewpoint - Berkshire Hathaway is expected to continue thriving under new CEO Greg Abel, despite Warren Buffett's retirement, as the company's foundational values remain strong [2][3] Company Transition - Greg Abel has taken over as CEO of Berkshire Hathaway less than a month ago, and he is moving to sell the company's stake in Kraft Heinz [7] - The decision to pare down the Kraft Heinz position is seen as a necessary step, as the investment has underperformed significantly [4][5] Investment Performance - Kraft Heinz shares have declined approximately 46% from their 2022 highs and are down over 75% from their all-time highs in 2017 [5][7] - The company has held onto the Kraft Heinz investment for too long, and the situation has worsened over the years, indicating it may be a value trap [6] Future Opportunities - Berkshire Hathaway has over $380 billion in cash available for investment, which could be deployed into better opportunities following the sale of Kraft Heinz shares [7] - The transition in leadership may provide significant benefits as Abel and his team take full control of investment decisions [3]