Berkshire Investors Look Past Buffett as Abel Spends Cash — SkimNews
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- Greg Abel, Warren Buffett's successor as Berkshire Hathaway CEO, personally purchased $4.5 billion of a stock Buffett has long favored — and it wasn't Alphabet — per Yahoo Finance.
- Berkshire Hathaway under its new CEO has begun deploying its cash hoard, per the Wall Street Journal, as Investor's Business Daily notes investors are increasingly looking past Buffett.
Why it matters: For decades Berkshire's identity and valuation were inseparable from Buffett; the market starting to price the stock on Abel's capital decisions rather than the founder's moves marks a generational handoff at a trillion-dollar conglomerate.
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