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Buffett’s Dealmaking Slump Forces a New Reality on Berkshire

  • Tech-stock surge, buybacks, succession dominated 2021
  • Annual letter, earnings set for release on Saturday morning
Warren Buffett
Warren BuffettPhotographer: Andrew Harrer/Bloomberg

Warren Buffett’s textile business-turned-conglomerate spent last year quietly inching into the future. 

Berkshire Hathaway Inc. dug deeper into technology stocks in 2021 with a bet on Activision Blizzard Inc., bulked up on buybacks and announced that Greg Abel was the top pick to succeed Buffett whenever the 91-year-old steps down as chief executive officer. Now, Buffett has a chance in his annual letter on Saturday to explain how these incremental moves will keep the conglomerate pushing forward.