CEO Abel Is Swinging — Bill Baruch Buys More Berkshire While Nobody’s Watching

Financials are at their lowest level relative to the S&P in history, and Bill Baruch is leaning in. He added to Berkshire Hathaway while the stock sits below its 200-day moving average and trades out of favor — but he sees the setup forming. New CEO Greg Abel is putting Berkshire’s mountain of cash to work with a $10 billion Alphabet investment and the Taylor Morrison acquisition, and Bill thinks that activity is going to wake the stock up. The Buffett premium is already out of the name. Buy it while it’s not loved. Watch the full discussion here.

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Our team at Blue Line Capital, led by founder Bill Baruch, shares their expertise and unique market perspective.