Reddit's Watching $BRK.B Like a Hawk After Greg Abel's First Shareholder Meeting Drops Some Bombshells
Greg Abel's first meeting as Berkshire CEO was basically a masterclass in how to inherit $397 billion and still sound humble about it
Ticker Ratings
Reddit's investing communities are buzzing after Greg Abel's first shareholder meeting as $BRK.B CEO delivered a $11.35B Q1 operating earnings print — up 18% year-over-year — while sitting on a record $397B cash pile. Warren Buffett, now officially a shareholder rather than the guy answering questions, described current markets as 'a church with a casino attached.' Honestly, accurate. High-upvote DD threads are noting that with chemicals input costs doubling from Hormuz disruptions and $BNSF quietly printing money as rail beats trucks on fuel economics, this is not your grandfather's Berkshire — wait, actually it kind of is.
Meanwhile, the broader macro backdrop is genuinely unhinged. Oil is above $101, the Strait of Hormuz is closed to commercial traffic, and the S&P 500 is near all-time highs. Ian Lance of Temple Bar (quoted across Bloomberg podcasts this week) calls this 'significant market complacency' — a phrase Reddit DD writers are copy-pasting enthusiastically. Unusual options chatter on $IWM and rate-sensitive mid-caps is turning bearish as the Pepperstone 'quality barbell' thesis — energy and defense on one end, cash-generative mega-cap tech on the other — gains real traction in investing subs.
Spirit Airlines is gone, $ULCC and the ultra-low-cost carrier space is getting torched by fuel costs, and someone on WSB is definitely still holding Spirit calls. Godspeed to that person.