Seabreeze’s Kass Will Get To Grill Buffett

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.”


In Depth

'Smart Beta' Funds In Regulators' Sights, Hedgies May Be Next

Mar 26 2015 | 11:11am ET

Funds that mimic strategies used by active managers for a fraction of the cost could...

Lifestyle

Study: Both Marriage and Divorce Lead to Negative Hedge Fund Performance

Mar 25 2015 | 6:51pm ET

Trouble at home leads to trouble in the market for fund managers, according to researchers...

Guest Contributor

Concerned About Your HFT Exposure? Hedge It!

Mar 26 2015 | 1:06pm ET

High-frequency trading has been a persistent storyline for several years. The trading...

 

Sponsored Content

    Mar 9 2015 | 6:35am ET

    Kelly RodriquesKelly RodriquesAs more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…

Editor's Note