Berkshire Hits Post-Buffett High on Buybacks, Earnings
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- Berkshire Hathaway shares rose to their highest level since Greg Abel took over from Warren Buffett as CEO, lifted by stock buybacks and strong quarterly earnings.
- Greg Abel has begun deploying a chunk of Berkshire's massive cash pile, with cash balances retreating amid increased investments and continued share buybacks.
Why it matters: For Berkshire shareholders, the stock hitting a post-Buffett high is the clearest market verdict yet on the leadership transition — and with buybacks and investments actively shrinking the cash hoard, Abel is signaling he intends to put Berkshire's war chest to work rather than sit on it.
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