Ajit Jain’s Golden Touch
Jain, a former McKinsey executive, and a graduate of IIT Kharagpur and Harvard University, has been tipped as Buffet’s possible successor at Berkshire Hataway.
| Warren Buffett, the legendary investor, hailed as the Oracle of Omaha, has singled out Ajit Jain, who manages his reinsurance division, for special praise in his annual letter to shareholders of his holding company, Berkshire Hathaway.
“Ajit came to Berkshire in 1986.” Buffet wrote. “Very quickly, I realized we had acquired an extraordinary talent. So I did the logical thing: I wrote his parents in New Delhi and asked if they had another one like him at home. Of course, I knew the answer before writing. There isn’t anyone like Ajit.” Jain, a former McKinsey executive, and a graduate of IIT Kharagpur and Harvard University, has been tipped as Buffet’s possible successor at Berkshire Hataway. Buffett praised the reinsurance division “one of the most remarkable businesses in the world,” generating billions with just 31 people. “It features very large transactions, incredible speed of execution and a willingness to quote on policies that leave others scratching their heads. When there is a huge and unusual risk to be insured, Ajit is almost certain to be called.” |
Email
Print
Post your comment