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Today I Read that Warren Buffett invests like a woman, but his replacement will probably be a man

Last week, Bloomberg wrote about the investment style of Warren Buffett (87 year old investor and owner of Berkshire Hathaway, he is also the author of the most thirsted after annual letter in modern times). Apparently BILLIONAIRE Warren invests like a woman.

Quick Summary: Buffett's patience, maintenance of a steady hand and willingness to thoroughly research before investing has led to extremely high returns for him and his company (BRK-A trades at over $300k a share- if you are looking to get into the action BRK-B trades at 1/1500th of BRK-A so ~$200 a share). These are the exact same characteristics of female investors who typically do not make knee-jerk, panic driven investment decisions- rather, women tend to take the long view of any investment. Despite this fact, Morningstar research reveals women manage only 2% of all assets in the mutual fund industry and the figure is likely very similar to what you would find looking at other investment vehicles.

Big Takeaway: Only men are brought up as possible successors to Warren. For the record, it took some digging, but there is a woman in the lineup: Tracy Britt (Harvard MBA, 2009).

Something I did not know: Despite his knack for communicating complex investment ideas for the common investor, unfortunately this quote is attributable to Warren: If a lady says no, she means maybe. And if she says maybe, she means yes. And if she says yes, she's no lady. No Warren. Take a lady for her word.

Makes me feel/think about: After reading it, I'm pretty bummed out. Not only is Warren Buffett tossing around sexist comments, but the heir apparent to the brilliant investor title is likely going to be a man. This is DESPITE the fact Warren's entire approach to becoming one of the world's richest people is the very same approach a woman would take- if she had the same opportunities and resources. This certainly motivates me to keep researching and learning more about markets (I have minimal knowledge), talking to more people (especially women in hard to break into finance fields) and ensure more people have access to the information I gather.

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