Biography Flash Warren Buffett Berkshire Bets Big on Japan as Abel Era Begins and Cash Pile Pays Off
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The biggest splash came March 27, when Berkshire deepened its Japan play via National Indemnity's 1.8 billion dollar purchase of a 2.49 percent stake in Tokio Marine Holdings, per Kingswell, complete with reinsurance deals and potential M and A talks—a move signaling long-term global insurance dominance that echoes Buffett's value-hunting style. Board director Chris Davis hyped it at a Barron's Live event that day, calling Tokio Marine a dominant blue-chip crown jewel, tying back to his grandfather's insurance fortune. Berkshire also scooped up fat dividends: 144.8 million from Bank of America and 130.3 million from Kraft Heinz, fueling whispers of more buybacks.
Abel restarted repurchases March 4—the first since May 2024—with Buffett's nod, per Indexbox, and personally dropped 15.3 million of his salary on shares, a bold vote of confidence. No fresh public sightings or Buffett tweets, but Economic Times spotlighted his timeless recession advice: stay patient amid 2026 downturn jitters. Unconfirmed buzz from Reuters hints at Occidental Petroleum CEO Vicki Hollub possibly retiring, impacting Berkshire's stake, though Oxy dismissed it as speculation. Todd Combs' exit, noted by Morningstar, narrows Abel's inner circle, hinting at post-Buffett shifts with big biographical weight.
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