Berkshire's Biggest New Position Came From Warren Buffett, Not From Greg Abel
Berkshire Hathaway bought a lot of Alphabet in the second quarter, but it was Buffett who made the buy call.
Overview
The biggest change in years at Berkshire Hathaway (NYSE: BRKA)(NYSE: BRKB) occurred at the start of 2026, when Greg Abel replaced Warren Buffett as CEO, with Buffett taking on the role of president of the board. But how much really changed when it comes to stock picking? If Buffett's admission that he initiated a massive second-quarter investment in Alphabet (NASDAQ: GOOG) is any indication, the answer could be not much. But, perhaps that's the best outcome possible. Here's why.
Warren Buffett is famous because of his investment success. But that was largely driven by his acumen in buying good businesses at reasonable prices and holding them for the long term. It was not because he was good at running the businesses he bought outright for Berkshire Hathaway. In fact, Buffett was known as a hands-off manager, letting the CEOs of the businesses he acquired run them without his interference.
Image source: The Motley Fool.
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Originally published at www.fool.com.