Veteran investor Michael Burry said Berkshire Hathaway has lost its investment appeal after Warren Buffetts succession, arguing that Greg Abel may lack Buffetts patience for major opportunities. Burry also flagged concerns over Berkshires large cash pile, saying its recent moves appear more strategic than investment-focused.

Berkshire Hathaway's famously large pile of cash shrank by about $30 billion last quarter after Greg Abel took over from Warren Buffett as CEO.

Berkshire Hathaway's $365B cash hoard under new CEO Greg Abel signals deep caution about equity valuations, sending a warning to Wall Street