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Finance Dictionary and Glossary of Investment Terms
The Chairman of Berkshire Hathaway, and arguably the greatest stock market investor of all time. An investor who chose to invest $10,000 in Berkshire Hathaway when Buffett took over in 1965 would have more than $20 million today. His forte is in identifying undervalued companies, and he is well-known for taking a very long-term positions in companies he identifies as being good investment prospects. Buffett provides strong evidence that it is possible to consistently outperform the market.
Known as "the Oracle of Omaha," Buffett is Chairman of Berkshire Hathaway and arguably the greatest investor of all time. His wealth fluctuates with the performance of the market, but for the last few years he has been reported to be worth over $30 billion, making him the second richest man in the world.