Quick Read – Greg Abel’s first major move as Berkshire CEO was a $10 billion Alphabet stake, signaling a tech-forward shift from traditional Buffett-era investing. – BRK-B backs GOOGL’s AI frontier edge over speculative IPOs like OpenAI’s, with Alphabet’s massive cash flows and…
6x P/E offering compelling value. – The analyst who called NVIDIA in 2010 just named his top 10 stocks and Berkshire Hathaway wasn’t one of them. Get them here FREE
All eyes were on what Berkshire Hathaway (NYSE:BRK.B) was up to in its very first quarter with Warren Buffett’s successor, Greg Abel, at the helm. We’ve all heard about the size of the shoes that Abel will need to fill as the new CEO of the legendary conglomerate. In the first quarter, Mr.
Abel did not disappoint as Berkshire made waves with a big $10 billion bet on Alphabet (NASDAQ:GOOGL) shares, a significant top-up to an existing position made in the back half of last year. Undoubtedly, the Oracle of Omaha is still chairman, so even if it’s Mr. Abel who has the last say as CEO, one has to think the move has Buffett’s blessing.