Greg Abel's 2 Big Acquisitions This Year Cost Berkshire Hathaway About $16 Billion, Less Than 5% of Its Cash Pile
The deals used just 4.5% of Berkshire Hathaway’s $365.5 billion cash balance as Abel leans on smaller acquisitions and energy exposure.
5 Articles
5 Articles
Berkshire's Post-Buffett Era Gets Off To Rocky Start As AI Bets Stumble
Berkshire's Post-Buffett Era Gets Off To Rocky Start As AI Bets Stumble With Warren Buffett gone for not even a year, Berkshire Hathaway is already facing questions over its investment decisions. Under new CEO Greg Abel, the conglomerate has made a multibillion-dollar push into artificial intelligence, only to see some of its biggest bets stumble as enthusiasm for the technology fades, according to Bloomberg.In his first year at the helm, Abel h…
A questionable step into the AI race, a huge cash cow of $365.5 billion and the temperature in the wholly owned subsidiaries. These are some of the key questions ahead of Saturday's report from Warren Buffett's conglomerate Berkshire Hathaway, writes Bloomberg.
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