Friday, 29 August 2014
Last updated 4 hours ago
Mar 5 2013 | 10:13am ET
Seabreeze Partners’ Douglas Kass doesn’t think much of Berkshire Hathaway these days, and he’ll get a chance to explain why at the company’s annual meeting.
Berkshire chief Warren Buffett invited Kass to serve as one of three of his interrogators at the meeting on May 4. He’ll serve as the meeting’s “bear,” telling The Wall Street Journal that he has been betting against Berkshire over the past week.
Kass told the Journal that he was “stunned” by the invitation, but also “flattered and honored.” But Kass did seek out the opportunity, using his connections at CNBC to get a letter from himself and T2 Partners’ Whitney Tilson to Buffett.
Kass will serve on the second-ever panel to toss questions to Buffett and Berkshire’s number two, Charlie Munger, at the annual meeting. The others are analysts focused on Berkshire’s insurance and other businesses.
While Berkshire’s annual meeting is often attended by legions of Buffett fans, Kass said he won’t hold back. “I’m not shy,” he told the Journal.
For Buffett’s part, he told investors on Friday that he hoped to “spice things up” by adding a Bear. “The only requirement is that you be an investment professional and negative on Berkshire.”
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...