CKBlog

Friday, May 12, 2017

Warren Buffett Responded

Back in February, I wrote a piece in reaction to Warren Buffett’s discussion on hedge fund and investment management fees in his latest Annual Letter to Shareholders. The heart of my post was that yes, many hedge fund and investment managers are not worth the fees they charge, but much like how Buffett relies on his Co-Chairman Charlie Munger for financial advice, surely, the average investor can receive value when paying for financial advice and expertise. My final post ended, “So would Buffett be willing to pay his ‘advisor,’ Charlie Munger, 1% per year to help him manage large and impactful investment decisions? I’m willing to wager he’d say ‘yes.’”

Well, at the Berkshire Annual meeting this year, I won my wager ...

Read on: Warren Buffett Responded

Topic: Strategies

Tuesday, February 28, 2017

My Wager with Warren: A Reaction to Berkshire Hathaway’s 2016 Annual Letter to Shareholders

It was another classic. Warren Buffett covered everything from colonoscopy prep to the limitations of GAAP accounting. He took me through a range of emotions. For the hour or so I spent with Buffett (figuratively of course), I experienced curiosity, surprise, frustration, reverence, bewilderment, laughter, and respect. The one thing I did not do was cry although it would not have been the first-time Buffett has made me cry. I challenge you to watch the newly released HBO documentary, Becoming Warren Buffett, and not shed a tear.  ...

Read on: My Wager with Warren: A Reaction to Berkshire Hathaway’s 2016 Annual Letter to Shareholders

Topic: Strategies