A strong earnings report reveals that new CEO Greg Abel dipped into Warren Buffett’s $380 billion cash reserve to buy back stock, boost Berkshire’s stake in Alphabet, and pursue one of its biggest acquisitions in years. One weak spot: GEICO.

Source: [Inc.](https://www.inc.com/kevin-haynes/berkshire-hathaways-rare-spending-spree-turns-heads-on-wall-street/91387319)

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