Greg Abel Is Spending Berkshire Hathaway's Cash on Whole Companies Instead of Stocks. Here's What That Changes for Shareholders.
Abel isn't charting a new path, but he is putting his stamp on the company.
Overview
Greb Abel's Berkshire Hathaway (NYSE: BRKA) (NYSE: BRKB) is shaping up to be similar to Warren Buffett's, but with the new CEO's signature decisive, bold stamp.
One of the features that stands out in his approach is a focus on acquiring whole companies. That's not anything new; Berkshire Hathaway owned almost 200 businesses outside of its stock portfolio before he became CEO at the beginning of the year. But with its record nearly $400 billion stockpile, Abel is finding greater opportunity in buying whole businesses than stocks.
Details
Let's look at what that means for shareholders.
Source
Originally published at www.fool.com.
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