Berkshire Hathaway shrinks cash pile in Buffett’s last act as CEO. Here’s how successor Greg Abel is now looking to spend.

Berkshire Hathaway shrinks cash pile in Buffett’s last act as CEO. Here’s how successor Greg Abel is now looking to spend. It’s Greg Abel’s Berkshire Hathaway now, but the last act of Warren Buffett as CEO appears to have been putting some of the conglomerate’s record cash hoard to work. And in the first annual shareholder letter not penned by Buffett in 60 years, Abel said he is currently evaluating other opportunities, but will remain patient and disciplined in making investments, even in Berkshire’s own stock BRK.B+0.45% BRK.A+0.50%. Continue reading your article witha MarketWatch subscription Tomi Kilgore is MarketWatch's Managing Editor, Companies, and is based in New York. You can follow him on Twitter @TomiKilgore. Copyright © 2026 MarketWatch, Inc. All rights reserved.