Liberty Beats Out Buffet’s Berkshire in Investment Returns

Barron’s: Few people have made more money for investors over the past three decades than John Malone. The billionaire cable-TV investor and operator parlayed a small group of cable systems into Tele-Communications, before selling it to AT&T in 1999 for $48 billion. Starting over with a handful of former TCI assets, Malone has, through an often mind-bending series of financial maneuvers, built another cable and media empire, Liberty Media.