Greg Abel’s first annual meeting as chief executive of Berkshire Hathaway left many investors with unanswered questions about what he intends to do with a massive war chest left to him by predecessor Warren Buffett.
The few shareholders who managed to ask Abel a question directly at the meeting in Omaha on Saturday wanted to know one thing: how is the 63-year-old Canadian going to put its $380bn in cash and Treasuries to work?
“The big question remains about the public equity portfolio,” said Christopher Rossbach, chief investment officer of Berkshire investor J Stern & Co.
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