Berkshire (BRK.A.US, BRK.B.US) share price hits an all-time high; Buffett's successor wins market trust, splashing out over $20 billion after taking office.

Zhitong Finance APP has learned that Berkshire Hathaway's stock price hit an all-time high on Wednesday, indicating that investors' confidence in Buffett's successor Greg Abel is strengthening. Since formally taking over as chief executive officer on January 1 of this year, Abel has gradually deployed the company's massive cash reserves, promoting capital allocation through corporate acquisitions, technology stock investments, and share buybacks, helping Berkshire gradually move past the market doubts brought about by the management transition.