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Berkshire Hathaway beat earnings estimates as its cash reserves continued to grow, signaling ongoing caution on deals and buybacks. Investor focus is sharpening on the succession plan for Warren Buffett, with Greg Abel identified as heir apparent.
Berkshire Hathaway CEO Greg Abel has sold stocks previously managed by Todd Combs, who left the firm in December for JPMorgan Chase. The divestiture is the first clear sign of portfolio repositioning under Abel's leadership since he took over in January. Berkshire's next equity holdings disclosure will reveal the full
Tag
Berkshire Hathaway beat earnings estimates as its cash reserves continued to grow, signaling ongoing caution on deals and buybacks. Investor focus is sharpening on the succession plan for Warren Buffett, with Greg Abel identified as heir apparent.
1mo ago · 2 min · Markets
Berkshire Hathaway CEO Greg Abel has sold stocks previously managed by Todd Combs, who left the firm in December for JPMorgan Chase. The divestiture is the first clear sign of portfolio repositioning under Abel's leadership since he took over in January. Berkshire's next equity holdings disclosure will reveal the full
2mo ago · 1 min · Business
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