Berkshire's Big Bets: What's Behind Abel's Buying Spree? As Greg Abel settles into his role as CEO of Berkshire Hathaway, he is making significant investments that go beyond buying more houses.
The conglomerate's recent quarterly filings reveal a shift in its investment strategy, with Abel tapping into the company's massive cash reserves to make bold bets on the future.
Berkshire has increased its stake in Alphabet, the parent company of Google, by 48. 1 million shares, valuing its holding at $37. 8 billion at midyear.