business ๐ฐ Greg Abel starts spending Berkshire's massive cash pile
Greg Abel is starting to deploy Berkshire Hathaway's huge cash reserves following Warren Buffett's leadership. The conglomerate held $365.5 billion in cash at the end of June, down from $397.4 billion in March. During the April-to-June quarter, Berkshire repurchased $4.5 billion in shares and bought nearly $20 billion more in stocks than it sold. This marks a significant shift as the company had been a net seller of equities for 14 quarters. Abel emphasizes deploying capital when risk is appropriately compensated by potential reward. ๐ฐ