Burry Dumps Berkshire: “I Do Not Find It an Attractive Investment” After Buffett Exit

TLDR

• Michael Burry publicly stated he no longer finds Berkshire Hathaway an attractive investment
• Burry’s concern is that new CEO Greg Abel lacks Warren Buffett’s patience for the right “fat pitch”
• Abel has started deploying cash, including $4.5B in share buybacks in Q2 2026
• Berkshire ended Q2 with $365.5B in cash, down about 2% from year-end 2025
• Berkshire’s Class B shares are up just 3.8% year-to-date versus 13.3% for the S&P 500

Michael Burry, the investor famous for predicting the 2008 housing crash, has turned bearish on Berkshire Hathaway. He posted on X on Sunday that he no longer considers the company a good investment now that Warren Buffett has stepped aside.

Berkshire Hathaway Inc., BRK-B

Burry had long worried about what would happen when Buffett eventually left. His concern was always that a successor would not have Buffett’s legendary patience to wait for the perfect opportunity, what Buffett called a “fat pitch.”

The term comes from baseball legend Ted Williams. It describes an investment so clearly good, low-risk, and high-return that it is worth swinging hard on.

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