The consistency of brk b stock price reflects Berkshire’s robust risk management, integrating insurance float gains and diversified equity stakes into its capital strategy. Berkshire is relatively cheap compared to Progressive but expensive compared to Chubb. But Buffett has been training Abel since he joined the company in 1999. At that point, Abel was the president of energy company MidAmerican, a company in which Berkshire Hathaway had acquired a controlling interest. Abel was promoted to CEO of MidAmerican in 2008, presumably with Buffett's blessing. (MidAmerican is now known as Berkshire Hathaway Energy.) In intraday terms, brk b stock price fluctuated within a tight $407-$410 band, suggesting accumulation phases by institutional desks ahead of potential Q2 portfolio updates.
