Greg Abel’s Bold Shift at Berkshire | Durham News

Warren Buffett’s legacy of cash hoarding is over—Greg Abel has flipped the script, turning Berkshire Hathaway’s $370 billion reserve into a $400 billion war chest and launching a bold new era of investing. Just months into his leadership, Abel slashed cash reserves by $32 billion in 90 days through aggressive stock buying—including a $10 billion private placement in Alphabet, personally initiated by Buffett—and a $7 billion acquisition of homebuilder Taylor Morrison. Abel’s commitment deepens with his own $15 million annual Berkshire buy-in, pledging to reinvest his entire salary for two decades. While critics like Michael Burry warn of reckless timing, defenders like Bill Stone argue Abel’s moves are disciplined and effective. The real test? Whether these bets deliver long-term value—or if patience, Buffett’s hallmark, is now being redefined.

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