Buffett Steps Aside, Berkshire Turns a Tactical Buy as Cash Finally Earns Its Keep
Warren Buffett has relinquished the chairman role while Greg Abel continues running operations. With a $1.09T market cap, low leverage and strong cash generation ($24.2B free cash flow), Berkshire becomes more of a yield-and-allocation story as higher rates increase the optionality of its cash hoard. This trade targets a measured upside to $560 wit…