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Greg Abel's First Move at Berkshire | Raleigh News

Greg Abel's First Move at Berkshire | Raleigh News

Published 19 hours ago
Description

Greg Abel officially stepped into leadership at Berkshire Hathaway with a staggering $397.4 billion in cash, setting the stage for a high-stakes test of his investment acumen. His first moves—like the $6.8 billion Taylor Morrison acquisition and his decisive role in Alphabet’s $10 billion private placement—signal a more active, hands-on approach. While core businesses thrive, with insurance profits up 28% and rail and energy surging, Abel’s true legacy may lie in his focus on operational excellence: building tech in-house, holding subsidiaries accountable, and deploying cash aggressively. With stock buybacks jumping 19x from the prior quarter, shareholders are watching closely to see if he can match Buffett’s legendary capital discipline—and maybe even outdo it.

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