Berkshire Abel Era Capital Deployment
Berkshire Hathaway's insurance operations with $176.9 billion in float and disciplined capital allocation support long-term value creation that the market is not properly recognizing.
Too little corroboration in the last 3 days to call a trend (4 articles). Watching for it to gain traction.
Mainstream financial press is carrying this — attention has broadened beyond specialist outlets.
"Berkshire Hathaway began drawing down its massive cash pile in the second quarter, investing billions of dollars in stocks including Alphabet and accelerating share buybacks... The company repurchased nearly $20 billion more stocks than it sold in the second quarter, ending 14 consecutive quarters as a net seller of equities."
"Berkshire Hathaway became a net buyer of equities for the first time in 14 quarters under new CEO Greg Abel, spending nearly $20 billion on net stock purchases and $4.5 billion on share buybacks in Q2."
"Berkshire started buying back its own shares in the first quarter for the first time in more than a year. Earlier this year, Abel said Berkshire was restarting buybacks because executives found the 'intrinsic value' of those shares exceeded their market price. 'People are going to be encouraged by the buybacks,' said Cathy Seifert, an analyst for CFRA Research."
"The insurance float stands at $176.9 billion, supporting disciplined capital allocation and long-term value creation across the conglomerate's diverse businesses."