Warren Buffett, Ajit Jain at NDTV
Stressing that he should have been in India much earlier, legendary investor Warren Buffett said his company continued to look at large countries like India because it needs to make "large commitments".
On his maiden India visit, Buffett would be meeting Prime Minister Manmohan Singh and insurance sector regulator Irda's Chairman J Harinarayan, among others.
Legendary US investor and well-known philanthropist Warren Buffett's first stop during his India visit next week will be at Bangalore-based tool maker TaeguTec India.
The legendary investor also heaped praise on Ajit Jain, long rumoured to be his successor, but did not provide any clear hints on his succession plans.
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Warren Buffett, Ajit Jain at NDTVLegendary investor Warren Buffett being received at the NDTV office in New Delhi, on his maiden visit to India. Buffett is the chairman and C.E.O of Berkshire Hathaway.
Buffett ranks third on the Forbes list of the world's richest billionaires. Also called the "Oracle of Omaha", Buffett is a notable philanthropist, having pledged to give away 99 percent of his fortune for charity. -
Warren Buffett, Ajit Jain at NDTVBuffett was accompanied by his trusted lieutenant and potential successor, Ajit Jain. Jain, a graduate from IIT Kharagpur, heads the reinsurance business at Berkshire Hathaway. He joined the company in 1986 after earning his M.B.A from Harvard Business School.
Buffett has showered lavish praises on Jain. One of his most famous quotes on Jain is, "I owe it to the people of India for sending Ajit Jain (to me) ... he is much smarter than what I am." -
Warren Buffett, Ajit Jain at NDTVDr. Prannoy Roy, Warren Buffett and Ajit Jain at the NDTV studio. The backdrop suitably depicted the New York skyline, the leading financial centre of the United States of America.
It is also the location of the New York Stock Exchange, where Buffett has made billions. -
Warren Buffett, Ajit Jain at NDTVWarren Buffett shared his life and investment philosophy with a group of students drawn from India's best colleges.
Students from IIT, IIM and Delhi's St. Stephen's College picked Buffett's brains and took tips on value investing - the philosophy that guides Buffett's investments. -
Warren Buffett, Ajit Jain at NDTVBuffett up, close and personal with Dr. Prannoy Roy. As a child, Buffett sold chewing gum, Coca-Cola and weekly magazines. Later, he delivered newspapers. Buffett took a loan to start a business.
His children have grown up in a middle-class way and he stays in a house he bought 52 years ago for $31,500. -
Warren Buffett, Ajit Jain at NDTVBuffett holding a can of Coca-Cola. He holds a stake in the Coca-Cola company.
Buffett said that he invests in things that he understands - in good businesses run by people he admires and at a price that makes sense.
Replying to a question, he said he doesn't invest in IT companies because he does not understand the business model.
