Greg Abel promised Berkshire Hathaway shareholders that he will act “decisively” and make “significant” investments in stocks or acquisitions when opportunities arise.
When will that be? Be patient.
Leading the conglomerate’s annual gathering in Omaha for the first time, the 63-year-old chief executive, who took over from Warren Buffett earlier this year, said the company’s mammoth $380bn cash and Treasury portfolio meant Berkshire was not “beholden to anyone”.
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