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Berkshire's Bold Moves Under Abel | San Antonio News
Berkshire Hathaway, led by new CEO Greg Abel, is aggressively deploying its massive cash reserves—down from $400 billion to $365.5 billion—buying over $21 billion in stocks and snapping up Taylor Morrison for $6.8 billion, signaling a bold new investment strategy post-Warren Buffett. The company also executed a major stock buyback, hinting at confidence in its undervalued shares, while reporting 10% revenue growth. Yet, Geico’s underwriting profits plunged 45%, raising eyebrows despite overall solid operating earnings. It’s a high-stakes, dynamic transition as Berkshire reshapes its capital…
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