Why everyone on Wall Street wants to be like Warren Buffett


It would be a stretch to say that Warren Buffett is having a moment. That’s because ever since his stock picking genius was discovered decades ago, it has been in vogue to claim that you pick stocks like Buffett.

That investment prowess will be celebrated this weekend again when shareholders of Berkshire Hathaway [fortune-stock symbol= »BRK.A »] gather this weekend in Omaha, Neb. This year is notable because it will mark 50 years since Buffett began to build the insurance and investing conglomerate that Berkshire is today.

These days, Buffett is in some ways hailed more for his management acumen and the structure of the company that he built than for his chops as investor. Berkshire includes a more than $100 billion portfolio of stocks, but also a large stable of companies companies that Buffett has bought, including car insurance company Geico, railroad giant BNSF, ice cream chain Dairy Queen, and underwear…

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