Famous economist who is/was a brk shareholder

[alwaysinvert]

And it's rather interesting because one of the greatest economists of the world is a substantial shareholder in Berkshire Hathaway and has been for a long time. His textbook always taught that the stock market was perfectly efficient and that nobody could beat it. But his own money went into Berkshire and made him wealthy. So, like Pascal in his famous wager, he hedged his bet.

- Charlie Munger

 

 

Could anyone enlighten me to who this might be? Eugene Fama?

[treasurehunt]

Paul Samuelson.

 

This 1998 article from Forbes mentions that Samuelson is an investor in Berkshire: http://www.forbes.com/forbes/1998/1012/6208110a_print.html

[alwaysinvert]

Thank you very much :) Some old saying containing the words "money" and "mouth" seems appropriate here...

[twacowfca]

Sadly, Paul Samuelson passed away last December.  Interestingly, he owned Ford in the 1960's & 70's.  It was incomprehensible to him why they didn't do better than GM during that era.  He failed to appreciate the simple economics of the industry at that time.  Ford was much more innovative than GM, but GM whipped the competition because they were the low cost domestic producer with their much greater economies of scale.

[CFA Omaha]

Harry Markowitz?