Berkshire's Cash Hoard Awakens, But What Does it Mean for the Market? Berkshire Hathaway's recent earnings report sent a clear signal: Greg Abel is putting Warren Buffett's massive cash hoard to work.
The conglomerate's operating earnings rose 16% in the second quarter, driven by strength across its energy, railroad, and manufacturing businesses.
The company has reversed its decades long trend of being a net seller of stocks. Under Abel's leadership, Berkshire became a net buyer of equities in the second quarter with nearly $20 billion in net purchases.