$BRK.B is sitting on $397B in cash and Greg Abel just said 'we're good, thanks' — Reddit wants to know why
Berkshire's first Abel-era shareholder meeting dropped a mountain of data — and the investing subreddits are dissecting every word
Ticker Ratings
| Ticker | Rating | Entry Price | Current | $ Gain | % Gain |
|---|---|---|---|---|---|
| BAC BANK OF AMERICA CORP /DE/ | hold | $53.22 | — | — | — |
The Berkshire Hathaway annual meeting just happened under new CEO Greg Abel, and the headline numbers are genuinely wild: $397 billion in cash, operating earnings up 18% YoY to $11.35 billion, and a half-empty arena. Rough optics, but the financials? Clean. Reddit's investing communities are buzzing hardest about one thing — Buffett going on CNBC to say the current market is "a church with a casino attached" and that this isn't an ideal environment to deploy cash. For a guy sitting on nearly $400B, that sentence hits different.
Over in WSB and r/investing, the high-upvote threads aren't debating whether Abel is legit — they're debating the opportunity cost math. Buffett admitted he only saw five truly "juicy" years in 60 years of investing. Abel echoed the same patience-over-urgency playbook, pointing to US Treasuries as a perfectly acceptable parking lot. Meanwhile, $BRK.B's equity portfolio sits at a concentrated $288 billion, with the top core holdings under $200B.
The succession drama got surprisingly little Reddit heat — Abel's answer about who replaces Charlie Munger (spoiler: no single person, it's a committee vibe with Ajit Jain as the closest thing) landed with a collective shrug. What is generating options chatter is the macro backdrop: Spirit Airlines is dead, oil's physical-paper spread is at historic highs, and Berkshire's chemical subsidiaries are eating doubled petroleum input costs. Abel isn't panicking. Reddit isn't either — but they're watching the clock on that cash pile like it owes them money.