What timing, this just arrived,

" Michael Burry says his biggest fear for Berkshire Hathaway (BRK.A) (BRK.B) was that Warren Buffett’s eventual successor would lack Buffett’s patience to wait for the right “fat pitch.”

Burry said in a post 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 now believe that fear has materialized, and I do not find Berkshire an attractive investment going forward."

A “fat pitch” is an investment metaphor popularized by Warren Buffett, borrowed from baseball legend Ted Williams, describing an exceptionally clear, low-risk, high-return opportunity.

Berkshire (BRK.A) (BRK.B) put some of its massive cash pile to work in the second quarter, repurchasing company shares and buying more stocks than it sold for the first time in more than three years.

The Omaha-based conglomerate ended the June quarter with $365.5B in cash, cash equivalents, and short-term securities, implying roughly a 2% decline from year-end 2025, when Buffett handed the company’s leadership to new CEO Greg Abel.

During the quarter, which was the second under Abel, Berkshire (BRK.B) bought back $4.5B of its stock, compared with nearly $234.2M in Q1, when the company made its first share repurchases since May 2024.

Meanwhile, quarterly profit more than doubled, helped by investment gains and strong results from its industrial and retail businesses.

Still, Berkshire has lagged the broader market, with BRK.B up 3.8% YTD versus a 13.3% gain for the S&P 500, raising questions about whether Greg Abel can deploy Berkshire’s massive capital base with the same patience and discipline that defined Buffett’s investment approach.
"