Buffett voted top global investor
Once again, Buffett gets praise, but last year, it would have been different
Who is the best assessor of financial markets?
That's the question Bloomberg asked its terminal subscribers recently. Warren Buffett took a quarter of the votes, followed by fixed income investor Bill Gross of PIMCO who received 16% of the votes cast.
No one will find it surprising that George Soros and Ben Bernanke were also high on the list.
Buffett’s reputation is going through a renaissance. Berkshire Hathaway (BRK.A), the company he runs and which holds many of his investments, had a very bad year last year, particularly by Buffettian standards.
Buffett has been on the media circuit since then offering his opinions on the credit crisis, government regulation of the financial markets, and the recession and potential recovery.
Those media appearances have probably enhanced his “oracle” reputation. Berkshire’s investments are also gaining value as the markets recover.
Buffett-mania has been going on for decades. His track record in the market justifies that. He often talks about replacing himself as the chief executive of Berkshire Hathaway. The is not likely, at least anytime soon. The stock would lose a lot of value if he retired, and it probably should.
Top Stocks blogger Douglas A. McIntyre is an editor at 24/7 Wall St.
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Some investment advisers are entertaining that possibility, especially in light of Monday's triple-digit loss in the Dow.
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