“I am not attuned to this environment, and I don’t want to spoil a decent record by trying to play a game I don’t understand just so I can go out a hero.” - Warren Buffett. Do you think he would still close up shop due to uncertainty? If so, would he ever appoint a successor?
WEB? I think that was just buffetts polite way of saying he didn't want to deal with investors. His record after 69 was amazing. Am I getting your question?
-
-
Fair enough, I was taking him at his word then, and saying if he still believed that, he would unwind Berkshire and pay out a dividend instead of the uncertainty of handing over control to a successor. Do you think Hinkie is also lying politely about his reasons for departure?
-
To your point, maybe I'm wrong. I remember now that his fund had a hurdle rate. This article goes into how that could've incentivized him to shut down. I am a bad reader. What did Hinkie even state as his reason for quitting in the letter? https://www.fwallstreet.com/article/169-hedge-funds-and-the-early-buffett-partnership …
- 1 more reply
New conversation -
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.