Warren Buffett, social media convinces investors
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Warren Buffett's Berkshire Hathaway built a $1.6 billion stake in UnitedHealth last quarter, marking one of its last wagers with the investor as CEO.
The problem for Buffett is that he would know that time is ticking to deploy his cash. He’s stepping down as CEO at the end of this year, replaced by Greg Abel. Buffett will stay on as Chairman of Berkshire and will undoubtedly still have a large role to play, though Abel will have the final say on company matters.