Important Figures in the World of Finance
Often referred to as the greatest investor in the word, possibly the greatest of all time –Warren Buffet—has been the second richest American for many years. Forbes magazine estimated his wealth in 2007 at $52 billion. Buffet built his fortune by acquiring much more traditional companies than Microsoft. He is a “value investor” who sizes up the intrinsic value of company check the price at which its shares are selling in the stock market and cats accordingly (Cox & Barndorff-Nielsen 65). In case the value is greater than the share price, the company is worth buying; otherwise, it is ...
