At a time when Warren Buffett has never been more famous, his future—and that of Berkshire Hathaway(BRK-B), the company he heads—has never been more uncertain.
Buffett's fame multiplied after the central role he played in the financial crisis, which included lending a helping hand to Goldman Sachs (GS, Financial) and General Electric (GE, Financial) and reassuring the investing public he was buying stocks after 2008's market crash.
Talk to close watchers of Buffett and you find that all the publicity of the past year failed to fully answer key questions: Where is this renowned value investor going to find bargains after stock prices have advanced 67% in nine months? Why is Buffett making the biggest acquisition of his career, railroad Burlington Northern (BNI, Financial), at a price even he admits isn't cheap?
And, perhaps most important, what will Berkshire look like after Buffett? Though still apparently in good health, Buffett, the company's chairman and chief executive, turns 80 on Aug. 30, 2010.
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Buffett's fame multiplied after the central role he played in the financial crisis, which included lending a helping hand to Goldman Sachs (GS, Financial) and General Electric (GE, Financial) and reassuring the investing public he was buying stocks after 2008's market crash.
Talk to close watchers of Buffett and you find that all the publicity of the past year failed to fully answer key questions: Where is this renowned value investor going to find bargains after stock prices have advanced 67% in nine months? Why is Buffett making the biggest acquisition of his career, railroad Burlington Northern (BNI, Financial), at a price even he admits isn't cheap?
And, perhaps most important, what will Berkshire look like after Buffett? Though still apparently in good health, Buffett, the company's chairman and chief executive, turns 80 on Aug. 30, 2010.
Click to read the complete article at BusinessWeek.com
Also check out:
