Warren Buffett's Successor Invests in Homebuilding Sector
Warren Buffett's successor is reportedly deploying Berkshire Hathaway's substantial cash reserves, including an investment in the homebuilding sector. This move comes as one stock in the industry has significantly outperformed the S&P 500 since 1996.
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Warren Buffett's successor is finally putting his nearly $400 billion cash pile to work
Warren Buffett is the chairman and former CEO of Berkshire Hathaway. Daniel Zuchnik/WireImage Berkshire Hathaway finally seems to be putting Warren Buffett's cash pile to work. It agreed to buy $10 billion of Alphabet stock the day after announcing an $8.5 billion acquisition. Under new CEO Greg Abel, Berkshire has resumed buybacks and ramped up its spending on stocks. Warren Buffett's Berkshire Hathaway seems to finally be loosening the purse strings now that the legendary investor isn't c...
Read full article →Buffett Just Bought a Homebuilder. One Stock in That Industry Crushed the S&P 500 by 34x Since 1996
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