$20 billion bet: Where is Warren Buffett's successor spending Berkshire's cash pile after 14 quarters?
Berkshire Hathaway, a large investment company led by new CEO Greg Abel, has spent nearly $20 billion buying stocks and $4.5 billion on its own shares over the past quarter. This marks a significant shift in the company's investment strategy, as it has been a net seller of stocks for 14 quarters. The large investment in stocks suggests that Abel is looking to increase Berkshire's exposure to the market, which could have a positive impact on the overall economy and may also benefit other companies that Berkshire invests in.
Read the source report: Economic Times
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