Buffett is not a hedge fund operator who made his fortune reaping 20% of the profits

Reader comment on: The Many Myths of Warren Buffett

Submitted by bob lenzner (United States), Feb 25, 2010 17:12

the bulk of buffett's money is in berkshire hathaway shares, a public holding company with a large investment portfolio and a portfolio of wholly owned companies,. So far as I know there are no hedge funds in Berkshire, though he has been known to take short positions on stocks and currencies. The whole idea of Berkshire is that you get the mgr for no fee. He takes no % of the profits like Paulson, Einhorn and Soros. Perhaps he suggested a vehicle to buy radioactive debt at depressed prices. Its a smidgeon compared to the bulk of his activities. I'm not sure what you're disgusted about, though Buffett is certainly not a free market right wing ideologue like Paulson.

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