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Buffett takes next step in plan to keep Berkshire from straying

Warren Buffett steps down as Berkshire Hathaway's chairman, passing the job to his son, Howard.

Why it matters

BRK.B (Berkshire Hathaway) · Why linked: The Class B shares are the more liquid tradable vehicle for Berkshire exposure. Market context: Investors may reassess the conglomerate's valuation and capital allocation outlook under the new chairman.

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