Greg Abel, who became CEO of Berkshire Hathaway on January 1, 2026, has spent $32 billion in six months, reducing the massive cash reserve from $397.4 billion to $365.5 billion. In Q2 2026, Berkshire became a net buyer of equities for the first time in three years, purchasing nearly $20 billion in stocks and conducting $4.5 billion in share buybacks. The new leader also completed the landmark acquisition of Taylor Morrison, a homebuilder, for approximately $8.5 billion. This strategy marks a sharp break from Warren Buffett’s legendary caution, who spent his final years accumulating cash rather than deploying it. Abel also purchased 21 Class A shares of Berkshire worth approximately $15.3 million using his entire after-tax salary.
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