Most powerful people in the world (2008)

Billionaire financier and Berkshire Hathaway Chief Executive Warren Buffett has been named the 19th most powerful person in the world.As the titans of American finance toppled over the economic crisis, Warren Buffett stood tall as one of the few forces of order in the private sector, says Newsweek, adding that as America works to pull itself out of recession, Buffett and the values he champions -- buying assets on the cheap, discipline and a long-term view -- will be at the forefront.