Berkshire Hathaway (BRK-B) Starts Spending Its Cash, but Is 24 Times Earnings Fair?

Berkshire Hathaway (NYSE:BRK-B) will soon report its first quarter that includes Taylor Morrison, the homebuilder it agreed to buy for about $6.8 billion in cash. The deal closed in late July, which puts it in the September quarter. It is the clearest sign yet that Greg Abel, who runs the company after Warren Buffett’s retirement […]