Greg Abel, who took over as CEO of Berkshire Hathaway from Warren Buffett six months ago, has received high praise from Buffett for his performance, including rapid execution of major acquisitions and managing Buffett's personal wealth. Abel has maintained Berkshire's cautious investment approach, avoiding the frothy AI stock rally, which has kept the stock flat but aligns with Buffett's long-term philosophy. Buffett likened Abel to a highly effective leader and emphasized that Berkshire's strategy is to avoid overpaying for stocks during market bubbles, similar to Buffett's approach during the Dot Com era. Investors are advised that while Berkshire may face market fluctuations, it remains a solid buy for those cautious about the current AI-driven market hype.
Larry Page's fortune surpassed $300 billion following a 3.9% rise in Alphabet shares, boosted by Warren Buffett's acknowledgment of Berkshire Hathaway's significant investment in the company. Berkshire Hathaway initially invested $4.3 billion in Alph...
Warren Buffett has decided to stop directing his annual Berkshire Hathaway donations to the Gates Foundation, citing Bill Gates' association with Jeffrey Epstein as "distasteful." Instead, Buffett is now giving his donations to four family-linked fou...
Warren Buffett is accelerating his donations of Berkshire Hathaway shares to four family foundations, aiming to give away all his shares within about eight years. He recently donated nearly $6 billion in shares, excluding the Gates Foundation, which ...
Warren Buffett, 95, is donating 9 million Berkshire Hathaway Class B shares to four family-linked foundations, excluding the Gates Foundation, which had been a major recipient for years. This shift follows concerns about the Gates Foundation's ties t...
In 2026, Berkshire Hathaway's B shares are down 1.8% year-to-date, trailing the S&P 500's 10.7% gain. A strong June helped reduce Berkshire's deficit but it still underperformed in Q2, gaining just over 3% versus the S&P's 16% tech-driven rise. Berks...
