With stocks plummeting due to the AA+ rating, there are a lot of tasty cheap stocks out there. I am personally tracking WFC, BP, AFL and to a lesser extent ECA and JMBA. With many undervalued stocks, I wanted to see which investors (including Buffett) would be most likely to capitalize on this current market fluctuation and maximize gains. Below is a great article featured today in the San Francisco Chronicle which lists “Who will be the Next Warren Buffett?” and includes a brief biography on each fund manager.
Wanted to share this very interesting article from MSN MONEY. It highlights the entry level positions that some of the wealthiest and most influential people had at the beginning of their careers.
Interesting to notice that Buffett took a tax deduction during his teens on his bicycle for running his newspaper delivery business.
Also, Bloomberg was a parking lot attendant!
Article located HERE.
I read a very interesting article today in the February issue of Vanity Fair about Warren Buffett. The online version of the article, which is shorter, is located HERE.
The article (like many others) details Buffett’s modest lifestyle despite being a mutli-billionaire.
However most impressive is the articles discussion on who may helm the mega conglomerate post Buffett (Buffett himself has calculated that he has approximately 12 years left to live).
One person considered Buffett’s right hand man and potential successor is Ajit Jain. However, Jain declined to be interviewed for the Vanity Fair article and is fairly media shy.
I decided to look into who was this mystery man that the world’s greatest investor holds such high esteem and “with whom Buffett talks almost every day.” His rise to wealth is quite interesting.
Ajit Jain was born in India and received an engineering degree from the Indian Institute of Technology Kharajpur.
He then worked for IBM in India…….and then BOOM, moves to the [Read more...]
Thanks to the recession, one of the best investments I have made to date was buying GE stock at $8 a share, simply because I knew that Warren Buffett had bought 4 billion dollars worth of stock at approximately $12 a share. Always interested in seeking opportunities like this I was pleasantly surprised to witness this article in the link below in Smart Money. It lists some Blue Chips that are still at reasonable prices, and which are lower than when Buffett bought them. Definitely worth taking a look to all my value investors out there! Article located HERE .