Michael Burry says Berkshire Hathaway is no longer attractive after CEO Greg Abel's spending spree

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3▲2 ▼1Impact / 5
Summary · why it matters

Famed investor Michael Burry has sharply criticized Berkshire Hathaway's new CEO Greg Abel, claiming he lacks Warren Buffett's patience for the fat pitch and declaring the conglomerate is no longer an appealing investment. Burry's comments follow Berkshire's second-quarter report, which showed a 4% decline in cash and Treasury bills to $364.7 billion under Abel, who took over in January 2026, marking the first sequential drop in four years. The company deployed roughly $4.5 billion on share repurchases, made a $10 billion investment in Alphabet, and acquired homebuilder Taylor Morrison for $6.8 billion. Despite net income more than doubling to $25.67 billion and operating earnings rising 16.3% to $12.98 billion, Burry stated on X that his biggest fear has come true. Some shareholders also expressed caution about deploying capital in an ebullient market.

Impact on assets 3

Energy Transition & Power Demand▼ · 1 stocks
Artificial Intelligence▲ · 1 stocks
Alphabet Inc Class C
GOOG
▲ PositiveCapitalrelevance

Berkshire made a $10 billion investment in Alphabet, signaling confidence.

Consumer Discretionary▲ · 1 stocks
Taylor Morn Home
TMHC
▲ PositiveCapitalrelevance

Berkshire acquired Taylor Morrison for $6.8 billion, a positive deal for the homebuilder.

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