WARREN BUFFETT Quote : Rule No.1: Never lose money. Rule No.2: Never forget rule No.1.
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Monday, August 2, 2010

Li Lu a Chinese-American could be Warren Buffetts successor

Li Lu, A former Chinese student leader turned hedge fund manager is said to be a candidate for successor to Warren Buffett at Berkshire Hathaway, the Wall Street Journal reported Friday.

Li Lu, 44, is a Chinese-American who went to the US after the June 4 incident in 1989 and made a huge fortune in Asian technology stocks, could be in line to be one of the candidates to replace billionaire Warren Buffett, the world's most famous investor, who has an estimated wealth of $47 billion, the Wall Street Journal said.