from24/7 Wall St.
1 week agoGreg Abel Is Now Running Berkshire. Here Are the 3 Moves That Will Define His Era
Holding a bad position out of pride is far more expensive than taking the loss. Abel is signaling he won't be sentimental with capital. Freeing up roughly $7.7 billion from a stagnant holding and redeploying it into something with actual momentum is exactly what a new CEO should do.
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