Bloomberg Podcasts · Berkshire's Tech Investment Appetite Growing Under Abel

1. 1. Berkshire Hathaway significantly increased its stake in Alphabet, growing from roughly $4 billion to $16 billion in shares.
2. 2. New CEO Greg Abel shares Warren Buffett's investment philosophy of only investing in businesses he fully understands.
3. 3. Berkshire Hathaway holds approximately $380 billion in cash, posing a challenge to find sufficiently large investment opportunities.
4. 4. Returning capital to investors through dividends or buybacks is unlikely to be a major strategy for Berkshire Hathaway.
5. 5. Berkshire Hathaway was a net seller of stocks this quarter, primarily due to the disposition of about $11 billion in positions by former deputy Todd Combs.
6. 6. Berkshire Hathaway has recently made several sizable acquisitions, including Google stock, a chemical company from Occidental, and Alleghany insurance.
7. 7. The acquisition of Alleghany, an insurance holding company, proved beneficial by bolstering Berkshire's existing insurance businesses and adding scale.