“It’s been a matter of a well thought out strategy prosecuted for seven decades with discipline, consistency, and unusual insight,”…
Warren Buffett turned 94 on Friday and his sprawling, one-of-a-kind conglomerate has never been worth more than it is today.Howard Marks, a great investor in his own right and friend of Buffett's, credits three things that have allowed the 'Oracle of Omaha' to lead Berkshire to new heights, even at his advanced age.
"He's the most patient investor ever, which is a big reason for his success," said Steve Check, founder of Check Capital Management with Berkshire as its biggest holding."He can sit and sit and sit. Even at his age where there's not that much time left to sit, he'll still sit until he feels comfortable. I just think he'll just keep doing as best he can right to the end.
Oaktree, with $193 billion in assets under management, has grown into one of the biggest alternative investments players in the world, specializing in distressed lending and bargain-hunting.
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