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Tuesday, August 16, 2011

Phil Falcone the Next Warren Buffett?

Christopher P. Mittleman, the chief investment officer at a small New York money management firm is out with a four page letter that compares Phil Faclone to Warren Buffett. He says that Harbinger Group (Phil's publicly traded shell company) can be the next Berkshire Hathaway. He likens it to Carl Icahn's vehicle that he listed.

Without agreeing or disagreeing with any of these statements, here is the letter for your enjoyment. I would welcome any comments on this topic as I have seen a number of people awarded the crown of "the next Buffett" but few have managed to keep this title (Eddie Lampert, Mohnish Pabrai, and most recently Sardar Biglari).

Christopher P. Mittleman's letter

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