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His proclamations on everything from politics (he will support Barack Obama in the US presidential election), to taxes (he believes the rich should pay more) and the economy (America is in the midst of a recession, he says) are followed with great interest.
Most of all, Mr Buffett's investment advice is highly sought after, he is - after all - the richest man in the world.
He made his fortune with Berkshire Hathaway - a diversified company incorporating life insurance, jewellery sales and property - by investing in consistently profitable companies producing market-dominating products.
USA Today reports that the boosted his fortune by investing in brand names such as Coca-Cola, American Express and Procter and Gamble.
Edward Yardeni, president of Yardeni Research, calls Mr Buffett the "rock star" of the finance industry.
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