This weekend, more than 40,000 of Warren Buffett's disciples will descend on his hometown for Berkshire Hathaway's annual shareholder meeting, where, among other things, they'll take part in a marathon Q&A session with the Oracle of Omaha himself. Here are three subjects sure to come up.
Warren Buffett said Monday that stocks remain relatively cheap compared to other investments as the economy continues to improve. He also said that the company he heads is prepared to replace him whenever the need arises. The billionaire addressed a variety of topics during an interview on the cable TV network CNBC, two days after his annual letter to the conglomerate's shareholders was released.
After plunging most of Tuesday on uncertainty about Combs, Berkshire shares recovered somewhat as investors learned more about him. Combs's Castle Point fund was seeded by former Goldman Sachs CEO Stephen Friedman's Stone Point Capital.
Why did Buffett tap Combs? Based on Combs's track record, it's clear that he has done well in financial services stocks while limiting risk. Plus, he shares Buffett's approach to investing -- and for writing amusing investor letters.
It's the moment many in the financial world have been waiting for: a clue about who'll succeed the Oracle of Omaha as the chief investment officer at Berkshire Hathaway. We're getting a little closer. Meet Buffett's top choice.
A hot topic on Wall Street last week was who would potentially replace the Oracle of Omaha at Berkshire Hathaway when he leaves. The latest candidate? Li Lu, a relatively unknown fund manager whose portfolio has averaged a 24% annual return.