Bill Ackman, Chamath Palihapitiya and even Sam Bankman-Fried have all been called 'the next Warren Buffett,' but none of their track records comes close to matching the Omaha legend. Stop looking. “The next Warren Buffett” remains Warren Buffett alone.
after Berkshire posted a record operating profit of more than $10 billion in the three months ended in June, boosted by a rebound in insurance operations.
"It offers a unique combination of safety, growth, and undervaluation," Tilson said, who has been attending Berkshire's annual shareholder meetings in Nebraska for over two decades. "The stock should be the bedrock of any conservative portfolio."Buffett has always focused on owning large amounts of cash, comparing it to oxygen — a resource that can be deployed quickly when needed, or opportunities present themselves.
The mountain of cash at Berkshire has enabled Buffett to act fast during a crisis. In 2011, Buffett injected $5 billion into beleaguered Bank of America in a major show of faith. He famously came to Goldman Sachs' rescue with a $5 billion cash infusion after the collapse of Lehman Brothers in 2008.
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