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A strong earnings report reveals that new CEO Greg Abel dipped into Warren Buffett's $380 billion cash reserve to buy back stock, boost Berkshire's stake in Alphabet, and pursue one of its biggest acquisitions in years. One weak spot: GEICO.
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Berkshire Operating Earnings Rise 16% in Second Quarter. Buybacks Hit $4.5 Billion. barrons.comBerkshire Hathaway, Under a New CEO, Starts to Spend Its Cash Pile WSJGreg Abel finally puts Buffett's cash pile to work Financial TimesBerkshire earnings rose last quarter and CEO Greg Abel is starting to deploy Buffett's massive cash hoard CNBC
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