Michael Burry says Berkshire Hathaway no longer attractive under new CEO Greg Abel

ManagementAnalyst
โดย Investing.com·US·Read original
Summary · why it matters

Michael Burry declared Berkshire Hathaway an unattractive investment, warning that new CEO Greg Abel lacks the patience that made Warren Buffett's capital discipline legendary. Burry's critique centers on Abel's aggressive deployment of capital, including $4.5 billion in share repurchases and nearly $20 billion in net equity purchases in Q2 2026, which included a $10 billion stake in Alphabet and a $6.8 billion acquisition of Taylor Morrison Home Corp. Berkshire's cash and Treasury bills fell roughly 4% to approximately $364.7 billion, marking the first sequential decline in four years. While Q2 2026 operating earnings rose 16.3% year-over-year to $12.98 billion and net income more than doubled to $25.67 billion, Burry believes Abel is putting money to work in an expensive market rather than waiting for deeply discounted opportunities. UBS analyst Brian Meredith maintained a Buy rating and raised his price target to $906,011 from $877,848, viewing Berkshire as an attractive defensive investment.

Impact on stocks 4

Energy Transition & Power Demand▼ · 1 stocks
Berkshire Hathaway Inc
BRK-B
▼ NegativeCapitalrelevance

Burry criticizes new CEO's aggressive capital deployment, making Berkshire unattractive.

Artificial Intelligence▲ · 1 stocks
Alphabet Inc Class C
GOOG
± MixedCapitalrelevance

Berkshire's $10B stake in Alphabet is mentioned as part of capital deployment, not a direct impact on Alphabet.

Consumer Discretionary▲ · 1 stocks
Financials▲ · 1 stocks
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