Warren Buffett's Successor Greg Abel Spent $4.5 Billion Buying 1 Stock Last Quarter, and He Spent At Least $3.3 Billion Buying More This Quarter
Motley Fool·
- Berkshire Hathaway CEO Greg Abel ended long-standing capital allocation streaks by purchasing 4.5 billion dollars of Alphabet stock last quarter and billions more this quarter.
- Abel also restarted share repurchases, spending 4.5 billion dollars last quarter and at least 3.3 billion dollars in July alone to buy back Berkshire Hathaway shares.
- These strategic capital deployments indicate Abel is actively managing the company's portfolio and signaling that the repurchased shares trade below their intrinsic value.
