Warren Buffett - The Investment Guru

Although many analysts admired Buffett for his shrewd business acumen and investing abilities, others criticized him for his conservative approach to investing. His critics pointed out that because of Buffett's adherence to Graham's theories, he failed to invest in companies that could have fetched him greater returns. In addition to his conservative approach to the stock market, Buffett attracted criticism on one more front - his campaign for the implementation of corporate governance in companies. Analysts questioned Buffett's advice on corporate governance to other companies when they pointed out that Buffett's company Berkshire Hathaway did not have any outsiders as directors on its board.

One factor that worries both Buffett's critics and admirers is the future of Berkshire Hathaway after him. Analysts and media alike have often raised this question. Buffett's answer to them was, "Look, this company is going to outlast me for years to come. These businesses are going to run for 50 years. We have a great team of managers. They know how this company works. It's pretty simple really."²⁷ However, many analysts don't agree with Buffett's viewpoint. They feel that the real concern for Berkshire Hathaway is the allocation of capital.