BRK's Next Chief Investment Officer

[twacowfca]

Charlie Munger says (only a little bit

tongue in cheek IMHO) that Bill Gates should be BRK's

chief investment officer (as a humorous comment about

Gates spotting the change in railroads' ROC before Buffett

did.

 

Could this not be a Freudian slip?  Who better than Gates, BRK's

future to be largest shareholder?

[Parsad]

Don't bet your life on it.  More likely Gate's CIO Michael Larson would be a prime candidate.  Although Gate's would make the perfect Chairman for the company.  Cheers!

[twacowfca]

Chairman, Schmairman. What's in a name?  When

Harry Truman became President, he said, "The buck

stops here!"

[ExpectedValue]

I always thought that Klarman would be an ideal CIO. He really has a good ability to avert risk taking and build cash when things get overheated.

[finetrader]

I've always thought that Bruce Berkowitz would be considered for this job.

[StubbleJumper]

You missed "the name' Prem Watsa.

 

The only problem is that Prem must already be a billionaire.....how much would you have to pay somebody who is already a billionaire?

 

Thank god that Brian Bradstreet is not already a billionaire, because we could not afford to be without him!

 

SJ

[Parsad]

I think Buffett already said, that the compensation of the potential CIO's if they worked for Berkshire, is nothing compared to what they are already earning, and that their net worths are already substantial.  Thus they are doing it for the right to work at Berkshire, not to make money from Berkshire. 

 

I'm guessing Brian Bradstreet et al at Hamblin-Watsa are doing it for the same reasons, since any of them could have gone out on their own a long-time ago and started hedge funds or private equity firms.  Friggin' Sam Mitchell sold his stake in Marshfield Associates and decided to work at Hamblin-Watsa as a principal.  That should tell people something!  Cheers!