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Berkshire Shifts Strategy with Big Buys | Sioux Falls News
Berkshire Hathaway is finally spending down its colossal cash pile, pouring billions into Alphabet and aggressively buying back its own stock — a bold reversal after 14 quarters of selling more than buying. With Greg Abel now leading as CEO, investors are watching closely for his capital allocation style, while Buffett remains a guiding force. Operating profits surged thanks to strong railroad and service segments, despite Geico’s struggles — labeled “abysmal” by analysts due to rising claims and heavy ad spending. Cash reserves still sit at over $360 billion, but the pace of buybacks signals…
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