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Berkshire’s shopping list got a little more interesting
Greg Abel’s first stretch running Berkshire Hathaway is already producing the kind of stock-picking chatter that makes investors lean in. According to the headline here, Berkshire is doubling down on Macy’s — the kind of old-school department store name that usually shows up in mall nostalgia, not in a hot-take investing discussion.
Why Macy’s gets the side-eye
Macy’s isn’t exactly the stock-market equivalent of a rocket launch. It’s more like the reliable sedan your uncle swears by. But that 3.3% dividend yield gives it a little extra shine for income-focused investors, especially if Berkshire thinks the market is underpricing the business.
The Berkshire effect is real
When Berkshire buys more of something, the market tends to squint and ask: what do they know that we don’t?
That doesn’t mean Macy’s is suddenly the next big growth story. It does mean the stock now has another vote of confidence from one of the most closely watched capital allocators on the planet.
Big picture: sometimes the most interesting moves in investing aren’t the flashy ones — they’re the boring names with a famous buyer behind them.