Berkshire Hathaway's Streak at Risk: Can Apple Help New CEO

Berkshire Hathaway's long-term track record under Warren Buffett is exceptional. The conglomerate's stock price has compounded at an annualized rate of 19.7% over the past six decades, trouncing the S&P 500 index's 10.5% average annual total return.

However, critics point out that Berkshire Hathaway's performance came in lower than the S&P 500 index over the past decade, raising questions about the company's capital allocation decisions.

The new CEO, Greg Abel, is tasked with directing these decisions for the massive $1.1 trillion enterprise.

One stock that could help continue Berkshire Hathaway's streak under the new leadership is Apple, which remains the conglomerate's largest public equity holding at over 20% of its portfolio, valued at $73.8 billion.