Greg Abel Committed $6.8 Billion to Homebuilders Like Lennar, Increasing Berkshire's Stake by 30%, Even as Mortgage Rates Sit Near 7.5% and Builder Sentiment Hits Multi-Year Lows. Is This Bold Conviction or a Costly Miscalculation?

Berkshire Hathaway CEO Greg Abel has invested $6.8 billion in homebuilders including Lennar and acquired Taylor Morrison Home, increasing the company's housing sector exposure despite current market headwinds like high mortgage rates and weak builder sentiment. The article argues this represents opportunistic long-term investing rather than a miscalculation, citing Berkshire's decades-long investment horizon and substantial cash reserves of $350+ billion.