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Stock doesn't know who owns it: Buffet says women's place is in investing

'It's long overdue', said billionaire Warren Buffet

AFP | PTI  |  Omaha 

Warren Buffet
Warren Buffet

Billionaire investor Warren said Saturday that women ought to have a higher profile in investing.

On the sidelines of the annual shareholders meeting of his empire in Omaha, made a surprise appearance at a gathering called Variant Perspectives, organized by a group of women financial professionals aiming to end the imbalance.

"It's long overdue," Buffet said of the goal.

"When someone calls me from the outside with an idea, I'm not going to ask what their sex is; it wouldn't make a difference," he added, stressing that: "The stock doesn't know who owns it." Only three percent of funds in the are owned by women, according to Variant Perspectives.

Laura Rittenhouse, who started her own firm, said it's shocking that, with 60 percent of wealth in the in women's hands, they typically could not find a woman to handle their funds.

For Danielle Town, investor and founder of the Invested practice, a bi-weekly letter, women are often known to be less reactive and more successful financial managers.

"It's much more difficult to be a professional female investor than a man; but we also know that women's returns are better and yet they are not getting assets management positions," she said.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

First Published: Sun, May 05 2019. 09:10 IST