Rate Of Return
CommemorativeWhen it comes to investing, experience trumps youth.
Berkshire Hathaway, helmed by Warren Buffett, now has its cash reserves hitting a record high (over $380 billion). Buffett is in no hurry, sitting on a mountain of cash, waiting for a major opportunity to bottom-fish.
Last year, Li Ka-shing's family made a heavyweight acquisition of Canadian oil sands assets (MEG Energy) through the CK Hutchison Group. This year, with oil prices rising, it's like printing money at full throttle.
If you lack innate talent, you must learn to follow the right people.
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