Britain's answer to Warren Buffett backs the biotech sector in new investing book

He is a marathon-running polymath with the Midas touch, whose investment funds attract the seriously moneyed. Yet despite being revered by some as Britain’s answer to ‘Sage of Omaha’ Warren Buffett, investor and serial entrepreneur Jim Mellon is modest and unassuming.

He chats with wit and candour about most things in life, including his failures. ‘I bear the scars of those poor investments like anyone else,’ he admits. ‘I’m a little impulsive.’

An £11million loss on German real estate bears witness to this, but there have been many others, he reveals.

It’s a stunning admission for the master investor, worth more than £500m, who burnished his reputation as a businessman and stock picker in fund management as founder of listed Charlemagne Capital and Asian mining group Regent Pacific.

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Related book: Cracking the Code: Understand and Profit from the Biotech Revolution That Will Transform Our Lives and Generate Fortunes