TLDR
Michael Burry publicly stated he no longer finds Berkshire Hathaway an attractive investment
Burry’s concern is that new CEO Greg Abel lacks Warren Buffett’s patience for the right “fat pitch”
Abel has started deploying cash, including $4.5B in share buybacks in Q2 2026
Berkshire ended Q2 with $365.5B in cash, down about 2% from year-end 2025
Berkshire’s Class B shares are up just 3.8% year-to-date versus 13.3% for the S&P 500
Michael Burry, the investor famous for predicting the 2008 housing crash, has turned bearish on Berkshire Hathaway. He posted on X on Sunday that he no longer considers the company a good investment now that Warren Buffett has stepped aside. Berkshire Hathaway Inc., BRK-B
Burry had long worried about what would happen when Buffett eventually left. His concern was always that a successor would not have Buffett’s legendary patience to wait for the perfect opportunity, what Buffett called a “fat pitch.”
The term comes from baseball legend Ted Williams.
It describes an investment so clearly good, low-risk, and high-return that it is worth swinging hard on. Burry’s Verdict on Greg Abel
Burry wrote on X: “My biggest fear for Berkshire Hathaway was that Warren Buffett’s eventual successor would lack Buffett’s patience and discipline to wait for the right fat pitch. I believe this fear has come true.”
He added: “I do not find Berkshire an attractive investment going forward.”
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Greg Abel officially took over as CEO from Buffett at the start of 2026. He is now two full quarters into the role, and investors have been watching closely to see how he handles Berkshire’s massive cash reserve. Abel has started putting that cash to work.
In Q2 2026, Berkshire bought back $4.5 billion of its own stock. That compares to just $234.2 million in Q1, which was the first repurchase since May 2024. Cash Pile Still Largely Intact
Despite the activity, Berkshire still ended Q2 with $365.5 billion in cash, cash equivalents, and short-term securities.
That is roughly a 2% drop from where it stood when Buffett handed over the reins at the end of 2025. Burry acknowledged the cash pile remains large. He said Abel’s moves so far “look to be more framing moves than investment moves,” suggesting he sees the activity as positioning rather than real conviction. Berkshire did post strong quarterly profits. Earnings more than doubled in Q2, driven by investment gains and solid results from its industrial and retail units. Still, the stock has underperformed. Berkshire’s Class B shares are up just 3.8% so far in 2026.
The S&P 500 is up 13.3% over the same period. On Monday, Class B shares were trading at $534.47, up about 2.43% on the day. Burry’s post drew over 1,500 replies on X. The critique is pointed given that Berkshire has long been seen as a steady, reliable name rather than a speculative one. The core question Burry is raising is whether Berkshire still deserves the premium it has historically commanded now that the man who built that reputation is no longer in charge.
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