good to see that yet another Hindu could be climbing to the top of the ladder.
I have always admired Buffet. His philanthropic efforts are great as his is almost Indian habit of simple living - the man exemplifies wholesome goodness. it is notable that in an age of golden parachutes - he claims all of Berkshires mistakes as his own, as in
"the terrible timing of my purchase has cost Berkshire" and "I spent $244 million for shares of two Irish banks that appeared cheap to me"
so unlike the elitist east-coast investment banker types - no?
2 comments:
I think the Indian Press has gone overboard in interpreting Buffet's remarks in his annual newsletter. He has not even remotely hinted at Jain succeeding him. Further, many other CEOs at businesses he owns have received fulsome praise, not Jain alone. Also, he's been speaking highly of Jain for many years, if not decades now. Its' the idiotic ELM in India that's gone overboard and interpreted his comments to suggest he's appointing Jain. I for one would be very surprised if that were to happen. Jain's essentially a reinsurance expert and his expertise lies in assessing and pricing of risk, not necessarily optimal investment of the float it generates. Jain's not an investor at all, and Buffet will likely seek an investor to replace him.
Err Jain! Hindu?
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