www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

US EUROPE AFRICA ASIA 中文
Business / Companies

More speculation in China's market as it's new: Buffett

(Agencies/chinadaily.com.cn) Updated: 2015-05-03 07:05
"It's not Disneyland, it's Warrenland," said David Rolfe, chief investment officer of Wedgewood Partners Inc.

Berkshire holds more than 80 companies including the Burlington Northern railroad, Geico car insurance, Benjamin Moore paint, Dairy Queen ice cream, Fruit of the Loom underwear, and See's candies, and owns more than $115 billion of stocks.

Its breadth and depth, which includes $63.7 billion of cash, has given Berkshire a strong balance sheet that Buffett said will help it thrive should the economy, propped up by low interest rates that many expect to rise soon, heads south.

"We will be very willing to act if economic turbulence of any kind occurs, and will be prepared, and most people won't be," he said. He denied that Berkshire needed special regulatory oversight by possibly having become too big to fail.

Succession

Buffett gave no hints about who would succeed him. He also alluded in one answer to his writing another of his popular letters to shareholders next February, suggesting no intention to leave soon.

Yet he said he would not want someone whose sole background is in investments to become chief executive. "I would not want to put someone in charge of Berkshire with only investing experience and not any operational experience."

Buffett also offered ringing praise for the turnaround at Burlington Northern, Berkshire's largest noninsurance unit, which was plagued last year by service delays.

"The improvement has been huge, and I want to thank Matt Rose and Carl Ice for their really extraordinary performance," he said, referring to the railroad's executive chairman and chief executive.

Rose, considered by some a potential Berkshire CEO candidate, was not mentioned by Buffett in his annual letter, which led some to believe his standing had been lowered.

Other potential CEO candidates include insurance executive Ajit Jain, whose decision to join Berkshire three decades ago was hailed by Buffett as one of the "luckiest" events he experienced, and Berkshire Hathaway Energy chief Gregory Abel, who talked at the meeting about renewable energy. He was the only person other than Buffett and Munger to field a question.

Ken Shubin Stein, founder of Spencer Capital Management LLC in New York, said having a CEO with an operational background "makes sense since the CEO needs to work with the investment team and understand their use of capital for investments, versus using the capital for investing in acquisitions."

3G Defended

As is usually the case, no major controversy has been hanging over Berkshire.

But Buffett did get two questions that led him to praise 3G Capital, which critics say ruthlessly cuts jobs at companies it acquires. In 2013, Berkshire and 3G bought H.J. Heinz Co, which is now buying Kraft Foods Group Inc.

"The 3G people have been successful in building marvelous businesses," Buffett said. "I don't know of any company that has a policy that says we're going to have a lot more people than they need."

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 国产农村乱子伦精品视频 | 日本黄大片影院一区二区 | 国产一二三区精品 | 亚洲视频日韩 | 99国内精品久久久久久久 | 久草在线免费色站 | 国产l精品国产亚洲区久久 国产tv在线 | 九九精品视频在线播放8 | 国内精品久久久久影院网站 | 午夜主播福利视频在线观看 | 亚洲精品国产精品国自产 | 成人a视频片在线观看免费 成人a视频在线观看 | 国产99视频精品草莓免视看 | 日韩一级特黄毛片在线看 | 美女被免费网站在线软件 | 日韩欧美久久一区二区 | 欧美成人看片黄a免费看 | 国产日韩亚洲不卡高清在线观看 | 国产粉嫩高中生无套第一次 | 亚洲精彩视频在线观看 | 午夜宅宅宅影院在线观看 | 成人看的一级毛片 | 国产精品久久久久久久久久日本 | 毛片观看网站 | 91视频久久久久 | 美女被男人桶到嗷嗷叫爽网站 | 九九视频在线看精品 | 日本高清免费视频色www | 日本三级香港三级人妇99视 | 欧美亚洲国产激情一区二区 | 女人张开腿让男人添 | 久久国产精品-国产精品 | 一级国产a级a毛片无卡 | 碰碰碰人人澡人人爱摸 | 国产一级性生活 | 欧美在线成人午夜网站 | 91热国内精品永久免费观看 | 美女扒开腿让男人桶个爽 | 精品欧美一区二区在线看片 | 大桥未久在线精品视频在线 | 美女视频黄视大全视频免费网址 |