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Operating earnings rose nearly 18% to $11.35 billion during the first three months of the year.
Berkshire Hathaway restarted share buybacks for the first time since May 2024, totaling $234 million.
KEY POINTS
- Greg Abel's first full quarter as CEO showed a continuation of Berkshire's conservative investment strategy.
- Berkshire now faces difficulty deploying capital due to high market valuations and a record cash balance.
- Abel sold equity holdings previously managed by Todd Combs, who has since joined JPMorgan Chase.
COMPANIES
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