Who knows, perhaps even Mr Buffett will fail eventually to beat Mr Malkiel's blindfolded chimpanzee.
Mr Buffett is not the only American to believe that Lloyd's has a bright future.
Ironically, Mr Buffett is in the same boat as his good friend Bill Gates.
ECONOMIST: A moral dilemma interrupts Warren Buffett's love-in
Mr Buffett has said that while some people read Playboy of an evening, he prefers a good company report.
BBC: Mr Buffett played the ukulele at this year's Berkshire AGM
"We've really just started but already we've had a terrific response, " Mr Buffett said in a statement.
Following disclosure of Mr Buffett's purchase, Phibro admitted that it had been buying silver for Berkshire Hathaway.
Mr Buffett has discussed derivatives in exhaustive detail in his letters to shareholders and in other public statements.
Mr Buffett said executives at 3G would be the "operational guys" at Heinz if the deal was finalised.
Maybe there is no other message than that Mr Buffett knows a good investment when he sees one.
Mr Buffett has made his billions from long-term bets that Wall Streeters would have found difficult to leave alone.
Mr Buffett, the head of Berkshire Hathaway, is convinced that America has lost its moral bearings in this department.
ECONOMIST: Campaign-finance reform: Plutocrats against plutocracy | The
Understanding the success of Mr Buffett requires a brief detour into investment theory.
Mr. Buffett had conceived the story and was actively involved in the reporting, according to Mr. Buffett's biographer Alice Schroeder.
Mr Buffett is one of the richest men in the world, having amassed a multi-billion-dollar fortune over decades of investing.
Mr Buffett liked Iscar's steady long-term growth, its international reach, its investment in people and its close-knit, no-nonsense management style.
ECONOMIST: Israel over-enthuses at Warren Buffett's latest deal
As the authors admit, Mr Buffett recognised these principles, and started applying them, half a century before they wrote their paper.
Can the biggest private foundation in the world, now channelling Mr Buffett's fortune as well as Mr Gates's, really be so impotent?
ECONOMIST: A moral dilemma interrupts Warren Buffett's love-in
Now that the technology bubble has burst, Mr Buffett's strategy of conservative bricks-and-mortars investments has turned out to deliver better long-term returns.
So will their punts pay off for Mr Buffett and his compatriots?
But Mr Buffett adores the limelight whereas Mr Munger prefers the shadows.
Berkshire Hathaway, Mr Buffett's insurance-oriented conglomerate, is facing a hefty bill for the attack, perhaps some 3-5% of the eventual total, he says.
The SEC said Mr Gupta had tipped Mr Rajaratnam by phone minutes before the investment by Mr Buffett's Berkshire Hathaway became public knowledge.
This is the same Mr Buffett who has very publicly advocated the retention of the estate tax to prevent intergenerational transfers of wealth.
That condition has important income-tax benefits for Mr Buffett, and it guarantees that his annual donations will be promptly distributed rather than accumulate.
In a sign of the rising prominence of 3G and Brazilian dealmakers, Mr Lemann suggested buying Heinz to his friend, Mr Buffett, in December.
The question now is whether, having struck gold in silver, Mr Buffett will be able to sell out as secretly as he bought in.
But the long-term nature of the insurance funding has protected Mr Buffett during periods (such as the late 1990s) when Berkshire shares have underperformed the market.
It was he who approached Mr Buffett last year and he did it the way the Nebraska investment guru likes best, with a short, to-the-point letter.
ECONOMIST: Israel over-enthuses at Warren Buffett's latest deal
Record profits, and a resulting surge in the share price of the holding company Inditex that he owns, has propelled Mr Ortega from fifth place, leapfrogging Mr Buffett.
应用推荐