Tags: Buffett | Berkshire | company | General Mills

CNBC's Crippen: Buffett Will Run Berkshire for At Least Another Year

By    |   Tuesday, 10 December 2013 01:29 PM

A year from now Warren Buffett, who turns 84 in August, will still be CEO of Berkshire Hathaway, predicts CNBC.com senior coordinating producer Alex Crippen.

"This has been my best prediction for the past two years, and I see no reason not to go for a three-peat, although each year there's a greater chance it will be proved wrong," he writes.

"Buffett is showing no signs of slowing down and still says 'I truly do feel like tap-dancing to work every day.'"

Editor’s Note:
Obama Donor Banned This Message (Shocking)

To be sure, Buffett has been giving colleagues Todd Combs and Ted Weschler more money to manage, Crippen says. But, "while Ted and Todd will continue to get more responsibilities in 2014, I expect Buffett will remain in charge as long as he's physically and mentally able to do so."

Meanwhile, Crippen forecasts that Berkshire will buy General Mills next year. Its lack of flash, its stable of well-known brands and its strong cash flow make the company attractive to Buffett, Crippen writes.

But, "it's important to remember that almost every prediction anyone has made about what Buffett will buy next has turned out to be wrong."

Meanwhile, a new study from the National Bureau of Economic Research shows that Buffett's risk-adjusted returns since 1976 beat every other stock and mutual fund that has existed for at least 30 years, Bloomberg reports.

Buffett's Sharpe ratio, which measures risk-adjusted performance, totals 0.76 since 1976, compared with 0.39 for the stock market as a whole and a 0.37 median for the 196 U.S. mutual funds that have existed for 30 years.

"Buffett's performance appears not to be luck, but an expression that value and quality investing can be implemented," say Andrea Frazzini and David Kabiller of AQR Capital Management and Lasse Pedersen of Copenhagen Business School, Bloomberg reports.

Editor’s Note: Obama Donor Banned This Message (Shocking)

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A year from now Warren Buffett, who turns 84 in August, will still be CEO of Berkshire Hathaway, predicts CNBC.com senior coordinating producer Alex Crippen.
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2013-29-10
Tuesday, 10 December 2013 01:29 PM
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