Greg Abel appears to be making an early mark on Berkshire Hathaway's capital allocation strategy, committing a combined $16.8 billion within two days through a major investment in Alphabet and the acquisition of homebuilder Taylor Morrison Home Corp.
According to Reuters, the twin deals may help address a long-standing concern among Berkshire investors who have urged the company to deploy more of its vast cash reserves. Berkshire held cash and short-term investments worth $380.2 billion as of March 31, a figure that many shareholders and analysts have viewed as a drag on the conglomerate's stock performance.
