Warren Buffett's Successor, Greg Abel, Just Bought $4.5 Billion of the Oracle of Omaha's Favorite Stock (No, Not Alphabet!)

Berkshire’s new CEO Greg Abel ended a 14-quarter net stock-selling streak, shifting to net buying. The more notable signal in the quarter is that Berkshire made the largest observed purchase of Warren Buffett’s favored stock in about five years, which is supportive for investor sentiment even though no specific dollar/percentage figure is provided in the article.

Analysis

Berkshire’s new CEO Greg Abel ended a 14-quarter net stock-selling streak, shifting to net buying. The more notable signal in the quarter is that Berkshire made the largest observed purchase of Warren Buffett’s favored stock in about five years, which is supportive for investor sentiment even though no specific dollar/percentage figure is provided in the article.