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Even at the age of 88, Warren Buffett, the world's largest value investor, is not troubled by his successor, Berkshire Hathaway.
Two candidates are his potential successor, but none has been in the forefront with Buffett.
It is unclear how long Buffett will continue to manage Berkshire. He describes his office as his paradise. He shamelessly declares his love of money management as his main way to go to his office every day and work with his staff of 25 people.
The world's third richest man is at the head of an insurance company that draws $ 100 million in cash every business day. Its assets amount to 700 billion US dollars, including 112 billion in cash.
Its investments over the past 10 years have underperformed the S & P index. This means that those who invested in the S & P index fund would have had better returns over this period than Berkshire Hathaway did. has offered to its shareholders.
Nevertheless, thousands of people are waiting for Buffett's annual speech in Omaha, Nebraska, scheduled for next week. They come to get directions for their investment decisions because Buffett is a brand for valuable investing.
Does not Buffett's story tell you anything near you?
Yes, we are talking about Prime Minister Tun Dr. Mahathir Mohamad. Aged 93, he continues to surprise his critics and rely on borders that no other leader dares to venture.
The continuing war of words between Dr. Mahathir and Johor's crown prince over the question of whether the state has any influence over the president of the Southern State Administration has earned the prime minister .
Dr. Mahathir's position is that the government decides on the choice of the mentri besar and not the palace. The Crown Prince thinks otherwise.
Not content with how his Bersatu party handled the situation in Johor, Dr. Mahathir suggested he resign, but the party leaders would not have persuaded him not to make such a decision.
The clear signal from this episode is that Dr. Mahathir has political support. Tan Sri Muhyiddin Yassin, president of Bersatu and political king of Johor, expressed his support for the 93-year-old prime minister. Muhyiddin reiterated that the palace should stop interfering in the affairs of the state government.
Be that as it may, it is clear that Dr. Mahathir still deserves respect and considerable influence not only on his party, but also on the other parties within Pakatan Harapan.
A year after Pakatan Harapan came to power, the question of who will succeed Dr. Mahathir is being discussed more and more. Until now, the only person named is Datuk Seri Anwar Ibrahim.
Like Buffett, Dr. Mahathir feeds on his work. He goes to work every day despite four hours of sleep sometimes. He attends meetings and rarely takes a toilet break.
He is quick and witty in his answers to questions and draws attention to all the scenes that he shares. He comes from a family whose members live well in the late 90s.
Dr. Mahathir said he would only hold the post of prime minister for two years. Looking at the pace followed by Dr. Mahathir, many have doubts about his resignation in two years.
In the business world, it's a busy world in Menara Ilham, where another old guard keeps getting known. It is the office of Tun Daim Zainuddin, former Minister of Finance and President of the Council of Wise, 80 years old.
Daim collaborated with the Chinese government to relaunch the rail link project on the east coast. This earned him the recognition of many personalities of the company looking for an opportunity in the country's largest infrastructure project.
True to his habit, Suede remains out of politics.
The regulation between Malaysia and China on the ECRL project came after its visit in the first week of April. Coincidentally, the Bandar Malaysia project was also announced last week. The project was awarded to Iskandar Waterfront Holdings and China Railway Engineering Corporation.
The news of the ECRL and the revival of the Bandara Malaysia project have excited the stock market.
When Pakatan Harapan won the elections last year, Daim asked investors to stay loyal to the new government for three years and they would see results. Now, the first year is coming to an end and we see where the activity will unfold.
For the moment, the outlook remains cautious due to internal and external factors. We are now in the eleventh year of a bull cycle, which normally sees a correction after 10 years. The fear of a global crash and the impact of Malaysia on investment is holding back investors.
After the launch of the ECRL and other infrastructure projects such as the LRT3, the economy should feel some dynamism. The stock market should be full of news.
Would we see a transition in the direction of Malaysia then?
It's hard to say. But all of the leaders in geriatrics can not be underestimated. They would not wait to be kicked out. They know when to press the exit button.
Buffett will leave when he will no longer enjoy his work. He is still probably looking to help Berkshire Hathaway to offer better returns to its shareholders compared to the S & P index.
Similarly, Dr. Mahathir will leave at the appropriate time. He knows that there is still a lot of work to be done. In the meantime, there is no point in questioning his exit schedule. It's something that he decides only.
L & # 39; STAR
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