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Greg Abel deploys $32 billion as Berkshire Hathaway shifts from cash hoarding to buying

Verifying
  • Greg Abel redirected Berkshire Hathaway toward equities, buybacks and the Taylor Morrison acquisition.
  • Berkshire’s cash reserves fell from $397.4 billion to $365.5 billion by June 30.
  • Warren Buffett remains chairman and retains influence over certain investment decisions, including Alphabet.
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