Warren Buffett's successor is finally spending the huge cash pile he built at Berkshire Hathaway - Business Insider
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- Berkshire Hathaway bought $10 billion in Alphabet stock, putting to work part of the record cash pile Warren Buffett built up during his final years running the company
- Greg Abel, Buffett's named successor, is now deploying a big chunk of Berkshire's cash after Buffett stepped down, ending the hoarding stance that defined the late-Buffett era
Why it matters: Abel's $10 billion Alphabet purchase marks a concrete break from the cash-hoarding pattern Buffett maintained in his final years at Berkshire. For Alphabet, a $10 billion long-position from one of the world's most-watched investors lands as a marquee vote of confidence in a stock that has recently drawn investor scrutiny over heavy AI capex spending.
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