Greg Abel Could Acquire Over 478 S&P 500 Companies with Berkshire Hathaway’s Cash, But Invests in Buffett-Favorite Stock
Berkshire Hathaway's new CEO, Greg Abel, has taken over from Warren Buffett and is managing a record $397.4 billion cash reserve. Instead of making major acquisitions or buying S&P 500 companies, he invested $234 million in one of Buffett’s favorite stocks.
Topics: Berkshire Hathaway Greg Abel Leadership Portfolio Management Warren Buffett Retirement