Tags: Buffett | Guo | Biglari | invest

Motley Fool: Potential Heirs to the Warren Buffett Stock Picker Title Step Forward

By    |   Monday, 01 December 2014 01:57 PM

There might never be another investor like billionaire Warren Buffett, but Motley Fool asked some of its analysts for possible candidates nevertheless.

They came up with four people who might vie for the famous stock picker's mantle as the oracle of fabulously successful equity investments.

A Chinese politician and investor who pursues pro-business policies, Guo Guangchang, is the choice of Motley Fool analyst Leo Sun, who noted Guo is actually is sometimes called the "Warren Buffett of China."

"Guo was given that nickname by the Chinese media, but he told CNBC last April that he preferred to be considered an 'apprentice' instead," Sun noted.

Guo's Fosun Group owns a diversified group of real estate, pharmaceutical, tourism, retail and insurance companies worth billions, similar in strategy to Buffett's Berkshire Hathaway conglomerate, and its holdings include some U.S. companies like American clothing label St. John.

"As a member of China's National People's Congress since 2003, Guo aggressively pursued pro-business policies, including a venture capital arm in Silicon Valley which provides financial services to tech and life science companies," Sun wrote.

Motley Fool's Jordan Wathen picked Sardar Biglari, CEO of Biglari Holdings, as the potential Buffett successor.

Among his disparate holdings, Biglari owns Steak 'n Shake, Maxim magazine and some insurance properties and sometimes pursues an activist strategy such as his campaign to force the breakup or sale of Cracker Barrel.

"Can Biglari, who is undoubtedly less friendly to his shareholders, and at times arrogant and unsettling in his demeanor, create the same results as a softer, gentler Buffett? I'm not sure, but grab the popcorn — if he's not a great investor, he's at least a great entertainer," Wathen wrote.

Motley Fool's Matt Frankel picked two stock pickers closer to home for his choice as successors to Buffett — they both make investment choices already as employees of Berkshire Hathaway.

Frankel noted the Berkshire's Todd Combs and Ted Weschler are both highly praised by Buffett himself. "During the company's most recent letter to shareholders, Buffet said that the pair made Berkshire billions of dollars that they wouldn't have made otherwise, and he told CNBC that the two have a 'fundamental combination of soundness and brilliance.'"

The Omaha World-Herald, which is itself owned by Berkshire Hathaway, keeps a running "Warren Watch" feature in its news coverage.

The World-Herald reported that Buffett has taken a special interest giving financial advice to Ndamukong Suh, a former University of Nebraska football star who now a defensive tackle for the Detroit Lions.

Suh, who has a $60 million pro football contract, has now invested in condominiums and restaurant deals in Nebraska.

Buffett told the newspaper, "Everyone tries to hustle sports stars. I think he knows I'm not trying to take him. I'm not trying to get involved in his finances."

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There might never be another investor like billionaire Warren Buffett, but Motley Fool asked some of its analysts for possible candidates nevertheless.
Buffett, Guo, Biglari, invest
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2014-57-01
Monday, 01 December 2014 01:57 PM
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