Wealthion · Monday, November 2, 2026
Steven Feldman pointed to Berkshire Hathaway's choice of Greg Abel—an infrastructure specialist experienced in railroads, pipelines, and power plants—as a telling signal. He noted that Berkshire is sitting on $370 billion in cash, positioning itself to grind it out in real assets and potentially bail out distressed companies if the market breaks.
“The guy who got the company, Greg Abel, he's the infrastructure guy. He was running basically their real assets business. And so he knows how railroads work. And he knows how pipelines work. And he knows how power plants work.”
“sitting on $370 billion of cash, waiting. for the thing to break.”