Warren Buffett's Successor, Greg Abel, Just Bought $4.5 Billion of the Oracle of Omaha's Favorite Stock (No, Not Alphabet!)
Since July 2018, Buffett and Abel have deployed more than $82 billion of Berkshire Hathaway's capital into this treasured company.
Overview
Aside from artificial intelligence juggernaut Nvidia, no company garners more attention during earnings season than Berkshire Hathaway (NYSE: BRKA)(NYSE: BRKB). The trillion-dollar conglomerate that now-retired CEO Warren Buffett helped build is closely watched by value seekers and long-term investors.
While most of Wall Street has homed in on CEO Greg Abel ending a 14-quarter streak of net stock sales that began in the fourth quarter of 2022, the bigger story from the latest quarterly report is what, specifically, Berkshire's new boss has been buying.
Warren Buffett retired as Berkshire Hathaway's CEO on Dec. 31. Image source: The Motley Fool.
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Originally published at www.fool.com.