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Showing posts with label Warren Buffett. Show all posts
Showing posts with label Warren Buffett. Show all posts

Tuesday, May 10, 2011

International News 2011: 5 great investors not named Buffett

George Soros (left) and James Billington.Image via Wikipedia
When the Oracle of Omaha talks, people listen. But other successful investors also have things to teach us.

George Soros
Soros is mostly known for his successes in making large bets in the currency and commodity markets.
His most famous success may be the British government's Black Wednesday currency crisis, in which Soros correctly surmised that the country would have to devalue the pound, and reportedly made $1 billion by short selling sterling.

Ronald Perelman
But Perelman, whose net worth is about $12 billion, succeeded in much the same way as Buffett has -- by recognizing the value-creating potential of undervalued businesses.

John Paulson
Paulson made his name during the credit crisis that marked the end of the housing bubble. He reportedly shorted housing-related financial assets as well as shares of several major British banks.

Carl Icahn
While Buffett is rather open about his investment philosophies and methodologies, Simons maintains a lower profile. Nevertheless, his quantitative approach seems to work. Simons is estimated to be worth nearly $11 billion, and many people are willing to pay hefty management fees to let Renaissance Technologies put their cash to work.

http://money.msn.com/investment-advice/5-great-investors-not-named-buffett-investopedia.aspx?cp-documentid=6824399&GT1=33036


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Thursday, October 14, 2010

International News 2010: Howard Buffett Says Don't Expect Third-Generation at Berkshire

Warren Buffett speaking to a group of students...Image via Wikipedia
Howard Buffett, the Berkshire Hathaway Inc. director and potential successor to his father Warren Buffett as chairman, said he doesn’t expect a third generation of the family to lead the firm.

“We all go out and do the things that we want to do and the things we think we can do best,” Howard Buffett, 55, said yesterday in an interview at a World Food Prize conference in Des Moines, Iowa. “It’s very unusual to have a second or third generation that really are the best to fit into something that you’ve created much earlier.”

Warren Buffett, after building Berkshire through four decades as chairman and chief executive officer, has made succession plans for after his retirement or death. The company board will split Buffett’s duties among more than one manager. Warren Buffett said in 2006 that his son Howard, a farmer and author, would safeguard Berkshire as non-executive chairman.

“My dad has said to me what he would expect, and I think I can do it,” Howard Buffett said. “My job is to make sure Berkshire doesn’t change. And that’s about all he’s said to me.”

Howard is the second of Warren Buffett’s three children and the only one on Berkshire’s board. Asked if the family’s next generation had a place at Berkshire, Howard Buffett said, “probably not.” His son, Howard W. Buffett, has an agriculture-related job for the U.S. Department of Defense.


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