Berkshire Hathaway's leadership change doesn't mean a shift in strategy. Mastercard leads an industry with massive remaining whitespace. Warren Buffett, arguably the greatest investor of all time, is renowned for his long-term investment approach.

Eyebrows were raised when Warren Buffett's company invested in this Latin American fintech disruptor a few years ago. But now it has been sold. The post Warren Buffett’s Berkshire Hathaway dumped this growth stock.

The 94-year-old billionaire donated nearly 12.4 million Class B shares of Berkshire Hathaway, a June 27 news release says. Buffett has led the Omaha-based company since 1965, and it now owns dozens of other companies, including Dairy Queen, Duracell and Geico.