Matt Levine, Columnist

Will Buffett’s Successor Have His Appeal?

Also never-ending ICOs, investor meetings and FitBit subsidies.

May 7, 2018 at 2:37 PM UTC

Matt Levine is a Bloomberg Opinion columnist. A former investment banker at Goldman Sachs, he was a mergers and acquisitions lawyer at Wachtell, Lipton, Rosen & Katz; a clerk for the U.S. Court of Appeals for the 3rd Circuit; and an editor of Dealbreaker.

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The Buffett party.

Many kinds of investing success are mean-reverting. You buy some stuff, it goes up, you sell it at a profit, you feel like a genius, and now you have to do it all over again. It is not so easy to do it over again.