Handpicked Skeptic to Pitch Hardball Questions at Warren Buffett
The Oracle of Omaha, Warren Buffett engages in another annual meeting to discuss the future of Berkshire Hathaway’s future. Instead of the usual compliments he receives for profitable investments, he chose a hedge fund manager, Douglas A. Kass to criticize his tactics at their annual meeting on Saturday. Through research, Kass is predicting that the company’s stocks will fall. He points out that Warren Buffett is aging, so the company runs into founder risk. In addition, its growth is slowly down, which may be due to economy downturn even though Buffett is a contrarian investor.
Throughout the years, Buffett has made various profitable investments. However, this meeting will be more interesting because of the challenge he chose. Investors often depend on Buffett’s forecast when buying stocks. By answering questions that Kass prepares, Buffett will be able to bring attention to his company’s annual meeting, as well as, boost his company’s stock prices. Shareholders are also interested in his future plans for the company, such as who will succeed as the Chief Executive Officer, or whether he will continue to invest in more companies.
Written By: Melody mark