Greg Abel Just Made 3 Moves at Berkshire Hathaway That Bet on the Same Trend (And it's Not AI)
Berkshire is betting on a housing recovery, and you might be surprised at how invested the company is.
Overview
In the second quarter, Berkshire Hathaway (NYSE: BRKA)(NYSE: BRKB) was a net buyer of stocks for the first time in several years. Although the large investment in Google parent Alphabet (NASDAQ: GOOG)(NASDAQ: GOOGL) received the most headlines, there were several other investments Berkshire made that shared a common theme: housing.
To be clear, Berkshire Hathaway CEO Greg Abel hasn't specifically said that he's anticipating a housing recovery. But all the signs point to Berkshire betting big that the near-stagnant housing market in the United States will turn around.
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Originally published at www.fool.com.
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