Best in the biz? Buffett vs. Malone closer than you think, The Edge reveals study
Jan 3, 2015
By Richard Morgan, Senior Staff Writer, New York Post: The Oracle of Omaha has been bested by the Cable Cowboy. Warren Buffett is hailed as the world’s greatest investor — but rival investing legend John Malone has him beat in more recent times and in rockier markets, an analysis reveals.
Malone, the chairman of Liberty Media, has outperformed the Berkshire Hathaway CEO since mid-2006, according to The Edge Consulting Group, a London-based financial advisory that tracked the investment performance of companies controlled by the stock gurus over two distinct periods. The first tracking period — 1973 to 1998 — covers Malone’s tenure at the top of cable giant Tele-Communications Inc. This 25-year run ended with TCI’s sale to AT&T for $60 billion. The second tracking period — 2006 through 2014 — marks the emergence of Liberty Capital Group and Liberty Interactive Group as new tracking stocks. These stocks — through all sorts of sales, spinoffs and re-combinations — now encompass Malone-controlled Liberty Media and its relevant offspring.