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Buffett’s Successor Just Spent $9.6 Billion — Profits Still Fell

Warren Buffett built one of the greatest fortunes in American history by knowing when to spend money and when to keep his wallet closed.

Now the legendary investor’s successor is putting that philosophy to the test.

Berkshire Hathaway CEO Greg Abel has authorized billions of dollars in stock repurchases, sending a powerful message about his confidence in the company’s future.

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