Warren Buffett, known as the 'Sage of Omaha', is a US investment guru and philanthropist who serves as the chairman and CEO of Berkshire Hathaway, an Omaha, Nebraska-based investment company. He is considered one of the most successful investors in the world and has a net worth of $82.2bn (as of 2 August 2018).
Born in Nebraska in 1930, he formed Buffett Partnership Ltd in 1956 and, by 1965, he had assumed control of Berkshire Hathaway, and now helms a conglomerate with holdings in the media, insurance, energy and food and beverage sectors. The publicly traded business has stakes in Coca-Cola and American Express. Berkshire Hathaway's 52-year average annual return is 20.8%.
Warren Buffett's firm has $128bn of cash
Recognising the next generation of influential UK investors
What sets companies on both sides of the Atlantic apart?
11% return for the month
Believes US is best place to invest
Many investors spend their time trying to find the next disruptor, the next Uber or Netflix. Identifying the 'Next Big Thing' can make for a very profitable investment, as those companies have shown. However, predictions can more often be wrong than right....