Warren Buffett is arguably the most famous investor of all time, and Thursday morning he showed us again why. The chairman of Berkshire Hathaway (BRK.A) has orchestrated a deal that allows the conglomerate to cash in its P&G holdings without paying capital gains by swapping its stake for Duracell.
While Duracell is a great addition to Buffett's roster of consumer products that allows him to indirectly benefit from tech growth, why did he decide it was time to part ways with Procter & Gamble (PG) ? An analysis comparing P&G with the other three dividend aristocrats in his top seven holdings shows that P&G was the one with the lowest growth over the last decade.
Source: The Street
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