Michael Burry is done with Berkshire Hathaway Inc. (NYSE:BRK), and he’s not being subtle about it.
In a Sunday social media post, Burry wrote that his “biggest fear” for the company was always what would happen once Warren Buffett stepped aside: that the successor would be “too old and otherwise not Warren,” lacking Buffett’s legendary patience for waiting on the perfect “fat pitch.”
Now, Burry says, that fear has materialized. “I do not find Berkshire an attractive investment going forward,” he wrote.
Burry’s comments land as new CEO Greg Abel works through Berkshire’s massive cash pile — one of the most closely watched numbers on Wall Street since Buffett stepped back.
Burry acknowledged that Abel has begun deploying capital, but he wasn’t impressed by the pace or substance of the moves.
“I realize not too much of the cash pile has been spent, and the cash pile remains large,” he said, adding that Abel’s early moves “look to be more framing moves than investment moves.”
It is a pointed critique from someone who has spent this year positioning against market froth broadly — Burry has repeatedly warned of AI-bubble parallels to the dot-com era — but his Berkshire call is notable precisely because Berkshire has long been considered the anti-bubble stock.
If even that name isn’t safe from a “post-Buffett” discount, it raises real questions about how the market should value conglomerates built entirely around one person’s judgment.
Berkshire’s Class B shares were trading at $534.47 at the time of publication on Monday, up 2.43%.
Berkshire stock was long defined by Buffett’s aura as much as its balance sheet, and Burry’s takedown cuts at the core question investors have quietly been asking since the succession became official: does Berkshire still deserve its premium once its patience — and its patriarch — are gone?
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