A Fresh Stain on Buffett's Reputation?

By Chris Hill – Updated Apr 6, 2017 at 10:39PM

NYSE: BRK.A

Berkshire Hathaway

Market Cap

$867B

Today's Change

(-0.56%) -$3,413.45

Current Price

$603,000.00

Price as of May 3, 2024, 4:00 p.m. ET

Is this all there is to the story for Sokol, or are there more shoes to drop?

Listen now on Fool.com

On today’s edition of “MarketFoolery,” the new daily podcast from The Motley Fool:

David Sokol, once considered a possible successor to Warren Buffett as CEO of Berkshire Hathaway (NYSE: BRK-A) (NYSE: BRK-B), has resigned, following revelations that he bought $10 million in shares of Lubrizol just days before he recommended that Buffett buy the chemicals company. Our analysts weigh in with their reactions, as well as answering questions like:

Is this all there is to the story for Sokol, or are there more shoes to drop?
How much damage has been done to Buffett’s and Berkshire’s reputation in the past 24 hours?
Who is the likely successor to Buffett now?

Listen now on Fool.com

For all the news and numbers about your favorite companies, you can create your personalized version of My Watchlist, free from the Fool. Just click to add Berkshire Hathaway to My Watchlist.

Chris Hill doesn’t own shares of any of the companies mentioned. Berkshire Hathaway is a recommendation of Stock Advisor and Inside Value. The Motley Fool owns shares of Berkshire Hathaway. The Motley Fool’s disclosure policy loves Opening Day.