Berkshire Hathaway Just Bought $212 Million of This Beaten Down Stock in 3 Days, and Its Stake Has Increased 81% This Quarter

Under new CEO Greg Abel, Berkshire Hathaway has aggressively increased its stake in homebuilder Lennar by 81% this quarter, purchasing $212 million worth of shares over three days following the company's disappointing earnings report. The investment reflects confidence in a long-term housing turnaround despite current headwinds from rising interest rates and declining sales, positioning Berkshire to capitalize on the severe U.S. housing shortage.