Monday saw the 80th birthday of Warren Buffett, signalling as good a reason as any to pay homage to the man who has proved himself to be the greatest investor of a generation.
Our industry regularly uses the term ‘star manager’. Since this phrase became common parlance, many stars have burnt brightly for a short period, perhaps finding themselves lauded a little too much for their actual achievements. When compared to the long-term investment genius displayed by Buffett, the accolade of star manager is put firmly in its place. Our willingness to seek out stars comes from the fact we all love a winning investor, and consequently love to hear their views and watch their every move. Very few are followed quite so devotedly as Buffett. This issue sees a number ...
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