Did New Berkshire Hathaway Leadership Make a Costly Early Misstep

New Berkshire Hathaway CEO Greg Abel is investing heavily in the struggling housing sector, including building a 10% stake in Lennar and acquiring Taylor Morrison Home for $6.8 billion. While the housing market faces headwinds from rising mortgage rates and is deeply unloved by investors, Abel is following Buffett's playbook of buying when others are fearful. The article argues it's too early to judge whether this is a misstep, noting that housing is cyclical and will eventually recover.