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Warren Buffett’s Successor, Greg Abel, Just Ended Berkshire Hathaway’s 14-Quarter Selling Streak.

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Warren Buffett’s Successor, Greg Abel, Just Ended Berkshire Hathaway’s 14-Quarter Selling Streak. Is This the Screaming Buy Signal Investors Have Been Waiting For?

By Bram Berkowitz, The Motley Fool

Berkshire Hathaway (NYSE:BRKA)(NYSE:BRKB) just reported strong second-quarter earnings, with operating income rising over 16% year-over-year.

Notably, the company’s massive cash hoard declined from over $397 billion in the first quarter to $365.5 billion by the end of the second quarter, as CEO Greg Abel began putting cash to work.

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