Is the wait finally over at Berkshire Hathaway?
Warren Buffett spent much of his last decade as CEO hoarding phenomenal amounts of cash, as he waited for stocks, acquisitions, and even buybacks to become cheap enough to satisfy his hunger for bargains.
Greg Abel, who succeeded the legendary investor at the turn of the year, might not have quite so much patience, based on Berkshire’s second-quarter earnings report on Saturday.
Michael Burry, the value investor of “The Big Short” fame and a longtime Buffett disciple, said in a Substack note on Sunday that his “biggest fear” for Berkshire was that Buffett’s successor couldn’t resist swinging…
