Buffett Praises Greg Abel's $16.8B Spending Spree: $6.8B Taylor Morrison Buy, $10B Alphabet Bet

Eric Esposito Thu, June 4, 2026 at 8:45 AM PDT 5 min read

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Warren Buffett spent decades building his holding company Berkshire Hathaway. Within just two days, the new CEO spent billions.

According to Reuters, Berkshire’s CEO Greg Abel recently announced two deals totaling an eye-boggling $16.8 billion.¹

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First, Berkshire acquired Taylor Morrison Home Corp for $6.8 billion, suggesting Abel sees untapped value in the U.S. housing market. Second, Berkshire is going all-in on one of its largest tech bets with $10 billion in Google’s parent company Alphabet.

In an interview on CNBC, Buffett said these two investments show Abel has truly “launched” as the new leader of Berkshire.² Buffett also praised Abel’s move to buy Taylor Morrison, claiming he finished the transaction “faster than I could have done it, smoother than I could have done it.”

Some Berkshire investors, like Steven Check of Check Capital Management, also have positive things to say about the initiative Abel showed. “Everyone has been waiting for Greg to do his thing, beyond Warren Buffett’s shadow, and we’re now seeing that,” said Check during an interview on Reuters.¹

In recent years, more investors have questioned whether Berkshire has been too conservative as it continues to stockpile billions of dollars rather than deploying that capital in the market. As of March 31, 2026, Berkshire holds $397.4 billion in cash³ — an increase of 6.5% from December 31, 2025.

As CNBC reported, the company committed only $234 million in Q1 of 2026 to repurchasing its own shares.⁴ CFRA Research analyst Cathy Seifer directly criticized this small commitment, telling CNBC: “If Berkshire isn’t buying back their stock, why should you?”

Are Buffett’s Beliefs Behind Abel’s Acquisitions?

The speed and scale of Abel’s investments might seem a bit brash for Berkshire, especially in such a trendy sector like AI. However, after looking more closely at these investments, it’s clear there are many commonalities with Berkshire’s long-term value playbook.

Berkshire has long been known to favor companies with a competitive position tied to broad economic trends. Themes like AI infrastructure spending and U.S. housing demand clearly fit into that framework.

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