Berkshire cash pile climbs to $380bn as stock sales streak hits 14th quarter
Greg Abel to address shareholders at first gathering since he succeeded Warren Buffett
Greg Abel to address shareholders at first gathering since he succeeded Warren Buffett

CEO’s move comes with company’s holdings of cash and short-term Treasury bills at a record $373bn

Cash reserves at conglomerate hit record as Warren Buffett prepares for retirement

New chief executive publishes his first letter to shareholders after Warren Buffett’s retirement

Conglomerate’s stock underperforms market by second widest margin since 1990

Investors have been given few clues on the strategy of Warren Buffett’s successor

New CEO ‘not anxious to deploy capital into subpar opportunities’ as he picks up baton from legendary predecessor