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The power of talk from Warren Buffett

There is no doubt that Warren Buffett carries a clout which few others in the financial industry can match but this week saw him appear on an anniversary video for Chinese suit maker Dalian. While the clothing manufacturer is perhaps little known outside of China it was the fact that Warren Buffett claimed he felt most comfortable in these particular suits that has caught the attention of many investors.

Since the revelation that Warren Buffett, the second richest man in the world, has binned all of his other business suits in favour of Dalian suits, the share price has increased by 40% which makes a massive 260% rise in the current year. When you compare this against the economic background, ongoing difficulties in the banking sector and the fact there are so many problems and issues around the world, this has to be one of the most startling investment recommendations and investment performances of recent times.

It just goes to show that is while analysts and investors can most certainly sway markets, it appears that nothing beats the recommendation, no matter how informal, of one of the richest people in the world!

It was also mentioned as a footnote that Bill Gates is also a big fan of this particular company.

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