Berkshire Hathaway shares have dropped 14% since May 2, while the S&P 500 gained 11%

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Berkshire Hathaway is lagging the market worse than it has in half a century, and it’s all happening as Warren Buffett steps closer to retirement. Since May 2, when Warren announced that Greg Abel would take over as CEO, class A shares have dropped 14%, which for Wall Street, that’s pretty steep. Meanwhile, the S&P 500 gained 11%, including dividends. The 25 percentage point gap is the widest underperformance in more than three decades. Warren, who is widely regarded as the greatest investor in ...