I found this interesting article about Li Lu on Forbes. The author basically states that there are many other investors in China who would be a possible replacement for Buffett. This thought also entered my mind recently. After all we are talking about a country with over a billion people, and a stock market that has surged over the past decade or so. There are bound to be quite a number of people who have a spectacular investment record.
Here is a quote from the article followed by the link to the rest.
Li Lu, a native of China, basked in the international spotlight at the end of last month following a report that Warren Buffett’s Berkshire Hathaway planned to hire him to manage part of its investment portfolio and that Li might one day replace Buffett himself. Li helped to broker Berkshire Hathaway’s hugely profitable investment in Chinese electric carmaker BYD, the report said.
Yet Li, for all of his success, may not be such a rarity among Chinese. After years of rapid economic growth and stock market reform, the mainland has spawned a large fund management industry and a flock of home-grown fund managers that might also make suitable candidates for Buffett if Berkshire Hathaway is looking for China expertise.
http://blogs.forbes.com/russellflannery/2010/08/12/chinas-other-warren-buffetts-in-waiting/
Disclosure: None
Here is a quote from the article followed by the link to the rest.
Li Lu, a native of China, basked in the international spotlight at the end of last month following a report that Warren Buffett’s Berkshire Hathaway planned to hire him to manage part of its investment portfolio and that Li might one day replace Buffett himself. Li helped to broker Berkshire Hathaway’s hugely profitable investment in Chinese electric carmaker BYD, the report said.
Yet Li, for all of his success, may not be such a rarity among Chinese. After years of rapid economic growth and stock market reform, the mainland has spawned a large fund management industry and a flock of home-grown fund managers that might also make suitable candidates for Buffett if Berkshire Hathaway is looking for China expertise.
http://blogs.forbes.com/russellflannery/2010/08/12/chinas-other-warren-buffetts-in-waiting/
Disclosure: None
