Silver as an investment

Bloomberg Has Identified Buffett’s Successor At Berkshire Hathaway (It Thinks)

There are some well-kept secrets in the financial world. For example, there’s the identity of the person or people who designed Bitcoin under the pseudonym, Satoshi Nakamoto. Then there’s the identity of the parties responsible for the frequent dumping of billions of dollars of gold futures contracts on to the market without regard for maximising price. Another one is Warren Buffett’s successor as Chief Executive Officer Berkshire Hathaway.

Besides his advancing years, he’s 87, there are other signs that curtain is coming down on the era of the “The Value Of Lunch With Warren Buffett Plunges 22%”.

The winning bidder in legendary investor Warren Buffett’s annual charity auction has – the first year Buffett held the fundraiser – it’s By his own admission, Buffett has also found it increasingly challenging to find “value” in keeping with his investment style which he modelled on an earlier doyen of value investing, Benjamin Graham. That’s not Buffett’s fault, it merely reflects the longevity of the latest iteration of central bank bubbles.

Bloomberg Businessweek has published an article on Buffett and Berkshire Hathaway arguing that the pressure to break up the company will mount after he steps down. Buffett’s successor will be critical if that is to be prevented…and Bloomberg thinks it knows his identity. For the time being, while Buffett remains in situ, nothing is going to change.

 Arguing that “These days, however, most arrows are pointing toward one man”, Bloomberg begins making its case by re-capping what Buffett has said about the qualifications for his job.  

mso-ansi-language:EN;mso-fareast-language:EN-GB”>Buffett, at least, has talked about the qualifications for the position. In a