This guy is 'the next Warren Buffett'

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Who Is the Next Warren Buffett or Bill Gates?

Some phenomena happen so rarely that we'll wait years to see them, like the reappearance of Halley's Comet or the Detroit Lions winning their first Super Bowl. In the same vein, there are some visionaries who come along only once every few generations, leaving such a huge mark on business and popular culture, it's hard to imagine they could ever be matched. Think Albert Einstein, Steve Jobs and Warren Buffett.

In the business world, Buffett — affectionately known as the Oracle of Omaha — is one of the biggest names in the 21st century, with an unerring, almost psychic ability to predict the best market ventures — and a subsequently enormous net worth. As of 2016, Buffett's net worth of $60.8 billion puts him at No. 3 on Forbes' list of billionaires. Of course, that's all offset by his humble, folksy attitude toward life and money. Sure, he has his contemporaries, but nobody even comes close to mastering his investing touch.

Related: 21 Surprising Facts You Never Knew About Warren Buffett

The Next Warren Buffett Is Seth Klarman

Buffett can't hog the mantle of top investor forever, though. Industry experts and columnists point to several people who could replace Buffett as the de facto investing powerhouse, including 59-year-old Seth Klarman. Boston-based Klarman has a net worth of $1.35 billion and runs the mega-hedge fund Baupost — which currently has over $27 billion under management. Klarman is the next Warren Buffett because he shares his investing style, has a direct and down-to-earth communication style and is widely acknowledged as a value investing expert.

Klarman received his Bachelor of Arts degree from Cornell University and an MBA from Harvard University. Raised in a Jewish family, Klarman is an active philanthropist who has supported causes in Israel as well as science research and music causes.

Klarman also owns the digital newspaper Times of Israel and is a published author himself. In fact, his book, "Margin of Safety," is now out of print, but remains an investor cult classic that bears the hefty price tag of $4,000 on Amazon, according to Forbes. In addition, Klarman also wrote the preface to the sixth edition of the 1934 investment classic by Benjamin Graham, "Security Analysis."

See photos of Warren Buffett through the years:

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Warren Buffett through the years
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Warren Buffett through the years
Warren Buffett speaks to the media during a press conference Monday, June 26, 2006 in New York. Buffet, the chairman of Berkshire Hathaway, recently announced his intention of giving 10 million shares of his company to charitable organizations, the majority going to the Bill and Melinda Gates Foundation. (AP Photo/Seth Wenig)
NEW YORK, UNITED STATES: California Governor Arnold Schwarzenegger (L) cofers with billionaire investor Warren Buffet (R) during a meeting with Wall Street investors at the Ritz Carlton hotel February 25, 2004 in New York City. AFP PHOTO/POOL/Kathy WILLENS (Photo credit should read KATHY WILLENS/AFP/Getty Images)
Investor Warren Buffet participates in the Treasury Conference on U.S. Capital Markets Competitiveness, Tuesday, March 13, 2007, at Georgetown University in Washington. (AP Photo/Gerald Herbert)
CLEVELAND - MARCH 25: Philanthropist Warren Buffet (C) wears a LeBron James Witness tee-shirt as he cheers for the Cleveland Cavaliers during a game against the Denver Nuggets March 25, 2007 at The Quicken Loans Arena in Cleveland, Ohio. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and/or using this Photograph, user is consenting to the terms and conditions of the Getty Images License Agreement. Mandatory Copyright Notice: Copyright 2007 NBAE (Photo by David Liam Kyle/NBAE via Getty Images)
** FILE ** In this May 21, 2008 file photo, U.S. Billionaire investor Warren Buffet speaks during a news conference in Madrid. Buffett's Berkshire Hathaway Inc. is investing at least $5 billion in Goldman Sachs Group Inc., Goldman announced Tuesday, Sept. 23, 2008. (AP Photo/Paul White, file)
Warren Buffet, chairman of Bershire Hathaway, arrives for the annual Allen & Co.'s media conference Wednesday, July 9, 2008, in Sun Valley, Idaho. (AP Photo/Douglas C. Pizac)
FILE - In this May 2, 2009 file photo, Warren Buffett, CEO of Berkshire Hathaway, right, waves to shareholders prior to the annual Berkshire Hathaway shareholders meeting in Omaha, Neb. Warren Buffet's Berkshire Hathaway said Tuesday, Nov. 3, 2009, it has agreed to buy Burlington Northern Santa Fe in a deal valuing the railroad at $34 billion.(AP Photo/Nati Harnik, file)
Warren Buffet heads to lunch after a morning session at the Sun Valley Inn for the 2011 Allen and Co. Sun Valley Conference, Thursday, July 7, 2011, in Sun Valley, Idaho. (AP Photo/Julie Jacobson)
Warren Buffett is interviewed in the White House Briefing Room in Washington, Monday, July 18, 2011, following his meeting with President Barack Obama. Obama met with members of the Giving Pledge including, Buffett and Bill and Melinda Gates, and others to receive and update on the program. (AP Photo/Pablo Martinez Monsivais)
Billionaire investor Warren Buffet at the Allen & Company Sun Valley Conference in Sun Valley, Idaho, Friday, July 13, 2012. (AP Photo/Paul Sakuma)
Warren Buffett, chairman of Berkshire Hathaway Inc., right, speaks to David Rubenstein, co-founder and managing director of the Carlyle Group, during the Economic Club of Washington dinner event in Washington, D.C., U.S., on Tuesday, June 5, 2012. Buffett said he doesn't expect another U.S. recession unless Europe's crisis spreads. Photographer: Andrew Harrer/Bloomberg via Getty Images
DETROIT, MI - SEPTEMBER 18: Billionaire investor Warren Buffett speaks at an event called, 'Detroit Homecoming' September 18, 2014 in Detroit, Michigan. The purpose of the invitation-only event of Detroit expatriats is to give the group a chance to reconnect, reinvest and reinvent with their hometown. The topic of Buffet's conversation was, 'Why I'm Bullish on Detroit.' (Photo by Bill Pugliano/Getty Images)
Warren E. Buffett, Chairman of the Board and Chief Executive Officer, Berkshire Hathaway Inc., participates in a NADA Automotive forum happening in conjunction with the New York International Auto Show, Tuesday, March 31, 2015, in New York. (AP Photo/Mary Altaffer)
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Seth Klarman's Investment Style

Klarman isn't shy about sharing his admiration for Buffett — as a man, an investor and a teacher. "As Warren Buffett was a student of Benjamin Graham, today we are all students of Warren Buffett," Klarman wrote in a 2015 piece for The Financial Times.

Klarman follows an investment style very similar to Buffett's: that of value investing. This refers to buying stock in good-quality companies when the price is right, with the expectation that in the long term stock price will rise.

For example, Baupost seized the opportunity to buy up energy stocks like Antero and Cheniere Energy Inc. when the price was down in 2015. As commodities rebound in 2016, Baupost is seeing gains — the first time in over three years, according to Bloomberg.

Klarman understands that sometimes running a successful hedge fund and being a top investor means making unpopular choices. "You don't become a value investor for the group hugs," Klarman told Business Insider earlier this year.

Find Out: Should a Mutual Fund Be Your First Investment?

Other Contenders for the Next Warren Buffett

Who else might assume the Buffett throne? Well, there's Ted Weschler and Todd Combs, two of Buffett's stock pickers at Berkshire Hathaway. As Buffett employees, they've worked firsthand with the Wizard of Omaha.

There's also 47-year-old David Einhorn. Einhorn, the founder and president of Greenlight Capital, is worth 1.45 billion according to Forbes. He was raised in Wisconsin, attended Cornell University, and co-founded Greenlight Capital 20 years ago with just $900,000.

Whitney Tilson of Kase Capital takes a long-term approach to investing like Buffett, and his largest stock holding is in Berkshire Hathaway, Buffett's company.

Dr. Michael Burry, physician and value investor, made an early prediction of the subprime mortgage lending monster that not only put the average investment analyst to shame, but also gained international attention when Christian Bale played him in the Hollywood film "The Big Short."

Or maybe the next Buffett is an 11-year-old girl. Svetlana Russell is the New York winner of a nationwide essay competition called InvestWrite for students who participate in The Stock Market Game, a virtual investment game to teach investment basics. Russell's stock-picking strategy mimics that of Buffett — she chose to invest in companies she knows, like Apple, Chipotle, Google and Yahoo.

"I call investing the greatest business in the world ... because you never have to swing," Buffett said in an interview with Forbes magazine in 1974. "You stand at the plate, the pitcher throws you General Motors at 47! U.S. Steel at 39! and nobody calls a strike on you. There's no penalty except opportunity lost. All day you wait for the pitch you like; then when the fielders are asleep, you step up and hit it."

So, with all of these heavy hitters in the game, only time will tell who will become America's next investing MVP.

Keep Reading: How to Be the MVP of Your Time and Money

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