Friday, April 3, 2009

The poorest banker on the richest

IIPM Ranked No. 1 B-School In Global Exposre - Zee...

MIT/Sloan graduate and [ex]investment banker Joshua Persky, currently world-famous for being unemployed (covered by the New York Times), talks ‘nostalgically’ about Buffett; and claims belligerently that he still could be better than Warren himself...

Who will succeed Warren Buffett, known as the “Oracle of Omaha?” Ajit Jain? Tony Nicely? Kevin Clayton? Richard Santulli Or David Sokol? They are all leaders in their industries, close associates of Mr. Buffett, and men of integrity. The truth is, they will all succeed Mr. Buffett, yet no one will succeed Mr. Buffett. There is only one Warren Buffett whose fate was to learn, absorb and implement the Benjamin Graham and David Dodd (the two Columbia University professors wrote the bible of value investing, “Securities Analysis,” in 1943, and Graham went on to write “The Intelligent Investor” in 1949) method of value investing. Buffett, their prized student, held fast to their simple but elegant teachings, buying value at a discount and holding for long term. His fate was to become a great, world-famous investor and the richest man in America. No one will succeed him and no one will replace him. He is unique, as is every individual. Without Warren Buffett, his company, Berkshire Hathaway, will not be the same. It may do better or worse, but it will be different. Mr. Buffett’s successor (or successors, as it may take a team to replace him) will have a different fate.

For more articles, Click on IIPM Article.
Source :
IIPM Editorial, 2008
An Initiative of IIPM, Malay Chaudhuri and
Arindam Chaudhuri (Renowned Management Guru and Economist).

Read these article :-
B-schooled in India, Placed Abroad (Print Version)
IIPM in Financial times (Print Version)
IIPM makes business education truly global (Print Version)
The Indian Institute of Planning and Management (IIPM)
IIPM Campus


For More IIPM Info, Visit below mentioned IIPM articles.
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