Aug. 10 at 3:34 PM
Is Greg Abel finally putting Berkshire’s cash to work?
Berkshire bought
$23.5B of stocks in Q2 and sold just
$3.7B, for nearly
$19.8B of net buying. That ended more than 3 years of net selling under Buffett.
Cash fell to
$364.7B after 14 straight quarters of growth. Berkshire also bought
$10B of
$GOOGL, agreed to acquire Taylor Morrison for
$6.8B, and repurchased
$4.5B of its own stock.
Buffett waited. Abel is buying.
With U.S. stocks near record highs, that shift is hard to ignore.
