Berkshire Buffett or Berserk Buffett? Cash Hoarding Switch Flips to Spendathon
KEY POINTS
- â˘Warren Buffett kept a mountainside of cash at Berkshire through June 30, 2026, totaling $380 billion, before his successor Greg Abel started spending it.
- â˘In the second quarter, Abel boosted stock purchases by $20 billion, executed a $4.6 billion buybackâthe biggest since 2021âand completed acquisitions of OxyChem and Taylor Morrison totaling over $16 billion in cash.
- â˘Michael Burry expressed concerns via Substack that Abel might lack Buffettâs signature patience, while Buffett remains chairman and involved in major moves like the $10 billion Alphabet buy.
Warren Buffett, the septuagenarian squirrel of the financial world, hoarded a biblical $380 billion cash stash through June like it was a retirement bingo jackpotâthen along came Greg Abel, his successor who turned on the spending tap, slicing Berkshire Hathawayâs cash mountain to $365 billion by Q2âs end. Abel blessed the portfolio with a $20 billion stock shopping spree plus a buffet-sized $4.6 billion buyback binge, marking the boldest buyback party since 2021. Meanwhile, Berkshire shelled out $9.4 billion to snag OxyChem on January 2 and then another $6.8 billion to Taylor Morrison on July 24, clearly flashing âNew CEO, who dis?â But Michael Burry, star of 'The Big Short' and self-appointed Berkshire watchdog, fears Abel's sweet tooth might spoil the patient Buffett recipe, tweeting from his Substack panic room that these moves feel more like CEO showing off than Buffett-style investment zen. To complicate the family drama spat, Buffett himself, 96 and still king of the boardroom, claimed he personally green-lit a $10 billion Alphabet stock cuddle last June, keeping the legendary OG firmly on the throne while Abel spreads his cash like confettiâcautiously, but noticeably. With Berkshire aggressively swapping stocks since Todd Combs left the building and Abel just starting to remix Buffettâs playbook, itâs anyoneâs guess if this billion-dollar binge spells bold new direction or an impatient CEO trying to grab the mic before the fat pitch arrives.
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(1 of 3)Greg Abel's spending spree on Buffettâs cash mountain has Michael Burry clutching his pearls, betting the patient oracle would have fired warning shots instead of dropping cash bombs prematurely.
Watching Greg Abel burn Buffettâs cash stash like itâs a clearance sale makes me miss the days when patience was the *only* shareholder dividend.
Berkshireâs new CEO is treating billions like they're patio furniture discounts, while Mr. Patience Buffett probably just rolled over in his grave for a sec.
Source: Businessinsider | Published: 8/10/2026 | Author: Theron Mohamed
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