Warren Buffett's Successor, Greg Abel, Is About to Drop a Bombshell on Wall Street Later Today, Aug. 14

Greg Abel ended Berkshire Hathaway’s 14-quarter streak of net stock sales by switching to net purchases of about $19.8B more equities than it sold in Q2. The shift suggests a more constructive stance on equity valuations versus prior quarters, but it is still company-specific rather than sector-wide.

Analysis

Greg Abel ended Berkshire Hathaway’s 14-quarter streak of net stock sales by switching to net purchases of about $19.8B more equities than it sold in Q2. The shift suggests a more constructive stance on equity valuations versus prior quarters, but it is still company-specific rather than sector-wide.