All articles tagged with #warren buffett
Greg Abel, Buffett's successor at Berkshire Hathaway, kicked off his tenure by buying $235 million of Buffett's favorite stock—though the exact ticker isn’t disclosed and the purchase isn’t in Berkshire’s portfolio. The move follows Buffett’s heavy use of buybacks (about $77.8 billion from 2018–2024) and suggests Abel will continue returning capital to shareholders as Berkshire maintains a sizable cash pile.
Berkshire Hathaway disclosed a roughly $55 million stake in Macy’s in the first quarter—a “tiny purchase” Warren Buffett suggested in March—though the filing covers only U.S.-listed holdings. The quarter also included a much larger $2.6 billion stake in Delta Air Lines, and Berkshire may have non-listed or international positions not shown in the filing. Buffett, who stepped down as CEO in 2026, remains actively involved in investment decisions, coordinating with Mark Millard as Greg Abel leads daily operations. The firm also sold Mastercard and Visa as it unwinds Todd Combs’ holdings.
Warren Buffett publicly praises Greg Abel as a “perfect 10” and signals strong confidence in Berkshire Hathaway’s leadership during the company’s first top-level transition since 1965. Abel now oversees roughly 94% of Berkshire’s $327 billion equity portfolio, has resumed buybacks after a long pause, and is expected to guide capital allocation going forward. Berkshire reported solid Q2 2026 results with earnings of about $11.35 billion and a record $380 billion cash pile, underscoring Buffett’s legacy-level trust in Abel’s more granular, tech-forward approach as the firm moves into a new era.
At his first Berkshire Hathaway annual meeting as CEO, Greg Abel reassured investors that Buffett’s disciplined capital-allocation approach remains intact: he signaled prudent deployment, dismissed breakup speculation, and highlighted Berkshire’s utility assets as potential support for AI data centers, even as the stock has fallen since his takeover.
At Berkshire Hathaway's annual meeting, new CEO Greg Abel rules out breaking up the conglomerate and pledges to preserve Buffett's culture, while Buffett praises Abel and notes Apple’s massive gains; Berkshire posts a record cash pile near $397.4 billion and modest first-quarter buybacks, with attendance down as Buffett wasn’t on stage.
Warren Buffett described the current market mood as a mix of reverence and gambling, likening it to 'a church with a casino attached' and warning that investors are in a gambling mood like never before, signaling heightened risk and a need for a cautious, long‑term value approach.
Greg Abel, Buffett's successor at Berkshire Hathaway, extended the Oracle’s warning by continuing a pattern of net stock sales (about $8.1B in the March-quarter, totaling roughly $195B over 14 quarters). The article notes that such persistent selling comes amid historically high valuations, with the Buffett indicator near 227% of GDP and the CAPE ratio above 41, suggesting potential trouble for equities and raising questions about Berkshire’s current status as a long-term buy.
Warren Buffett gave a surprise interview at Berkshire Hathaway’s annual meeting, warning that markets are in a “gambling mood” with rising short‑term trading and leverage, while Berkshire sits on a large cash pile and plans to “pick our spots” rather than rush in. He stressed sticking to his circle of competence, noted few past years were highly lucrative, and warned about threats from nuclear weapons and deepfakes—while highlighting a long-term, fundamentals‑driven approach for investors.
At Berkshire Hathaway's shareholder meeting, Buffett credited Tim Cook with turning Berkshire's roughly $35 billion Apple investment into about $185 billion pre-tax, invited Cook to bow to the crowd, and noted Apple's market cap surged from about $350 billion to around $4.1 trillion under his leadership, with Apple remaining Berkshire's largest holding despite trimming the stake.
Berkshire Hathaway's cash hoard surged to a record $397 billion in the first quarter under new CEO Greg Abel, as operating earnings rose to $11.35 billion thanks to stronger insurance underwriting and a return of stock buybacks. The firm offloaded $8.1 billion of equity and reorganized holdings previously managed by Todd Combs; BNSF railroad profit climbed 13% to $1.4 billion, while Geico underwriting earnings declined. Buffett did not lead the annual meeting for the first time in decades, with Abel addressing shareholders and signaling continued cost and capital discipline, though Berkshire's stock has lagged broader markets this year.
In Omaha, Berkshire Hathaway's annual meeting continues under new CEO Greg Abel for the first time, drawing a smaller crowd while Warren Buffett remains a familiar presence at the event.
Shareholders at Berkshire Hathaway's annual meeting express cautious optimism about Greg Abel succeeding Warren Buffett, praising his operational background and Buffett's endorsement while noting Abel may not match Buffett's stagecraft; the gathering signals the official pivot to Abel's tenure as the conglomerate navigates inflation and affordability concerns while preserving Berkshire's long-term principles.
At Berkshire Hathaway's 2026 annual meeting in Omaha, Warren Buffett praised Greg Abel as CEO and called the choice 100% successful, as Abel received a jersey-raising retirement tribute. Abel is steering the post-Buffett era with a focus on buybacks and portfolio management, with Tim Cook and Bill Murray among attendees. Berkshire posted a solid first quarter with higher operating earnings and a record cash stash near $397.4 billion as it resumed buybacks; its top holdings remain American Express, Apple, Bank of America, Coca-Cola and Chevron. Abel also disclosed he used his $15 million after-tax salary to buy Berkshire shares and plans to continue annually. Attendance appeared lighter without Buffett front and center, and CNBC outlined the day's live coverage schedule.
At Berkshire Hathaway’s annual meeting in Omaha, the Berkshire Bazaar of Bargains drew thinner crowds and shorter lines as Greg Abel gains the spotlight, greeting booths and shareholders as Buffett steps back from marquee duties. The event showcased cross-brand ties—from an Abel-designed Squishmallow by Jazwares to See’s Candies hockey-themed treats and Berkshire-branded Brooks Running shoes—while roughly 2,000 shareholders are set to participate in the post-meeting Invest in Yourself 5K.
Berkshire Hathaway posted $11.35 billion in operating earnings and a record cash pile exceeding $397 billion in the first quarter under new CEO Greg Abel. While operating earnings rose about 18% year over year, they missed estimates. Insurance underwriting contributed $1.7 billion, though Geico’s earnings dropped 34%. Abel, starting 2026, is set to headline Berkshire’s annual meeting in Omaha as Buffett steps back, marking a transition for the conglomerate.