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.