Seeking Alpha

Buffett can't find a bear for Berkshire meeting

  • Since 2009, Berkshire Hathaway (BRK.A, BRK.B) has invited six journalist/analyst questioners to the Woodstock of Capitalism to join shareholders in querying Warren Buffett and Charlie Munger for several hours. Last year, Buffett added a twist by inviting "credentialed bear" (i.e., provably short Berkshire stock) Doug Kass.
  • Hunting for a bear for this year's show, Buffett has been unable to find one.
Comments (9)
  • dgotshalk
    , contributor
    Comments (43) | Send Message
     
    Can you name another mutual fund that has no charges, no taxes on their dividends, invests them for you, and pays their chief only 100K a year?
    23 Apr 2014, 09:33 AM Reply Like
  • Swamp Bull
    , contributor
    Comments (120) | Send Message
     
    Makes me wonder if I should short a handful of B shares just to get to ask Mr. Buffett a few questions.

     

    Disclosure: I am currently long a handful of BRK.B shares. ;-)
    23 Apr 2014, 09:47 AM Reply Like
  • Kospi
    , contributor
    Comments (140) | Send Message
     
    I bet your questions would be better than Kass' last year.
    23 Apr 2014, 01:54 PM Reply Like
  • JMajoris
    , contributor
    Comments (1299) | Send Message
     
    How in the world could anybody bet against Warren Buffett? Doug Kass sold his BRK back in Nov 2011 at about $75. Wonder how he's doing now.....

     

    <<Last year, Buffett added a twist by inviting "credentialed bear" (i.e., provably short Berkshire stock) Doug Kass.>>
    23 Apr 2014, 09:52 AM Reply Like
  • sonetirot
    , contributor
    Comments (63) | Send Message
     
    BRK.B paid me dividend every month.
    I sold 120, 125 PUT on every available strike price of every months.
    Most expire worthless every months.
    I consider that as my dividend with relative safe risk.
    Last time it was PUT to me at $90 last year.
    What a great investment in BRK.B
    23 Apr 2014, 10:12 AM Reply Like
  • Michael Bryant
    , contributor
    Comments (5775) | Send Message
     
    I love that strategy. (BRK.B) almost always ends the year higher.
    23 Apr 2014, 09:14 PM Reply Like
  • Kospi
    , contributor
    Comments (140) | Send Message
     
    Kass was a joke last year. He sounded like an amateur trying to hold his own with Warren and Charlie.
    23 Apr 2014, 12:08 PM Reply Like
  • CapVandal
    , contributor
    Comments (430) | Send Message
     
    When analysts are uniformly positive (or negative) about a stock, they are usually wrong. Like the cover of Sports Illustrated.

     

    How about this: Long BRK, short BRK's stock portfolio? He can't/won't sell any of his large holdings, and is limited to buying from a small number of megacap stocks which tend to be more efficiently priced (deep, liquid markets) than smaller stocks.

     

    This would be a more market neutral bet on his business portfolio vs his stock portfolio.
    23 Apr 2014, 12:11 PM Reply Like
  • Karen Linder
    , contributor
    Comments (2) | Send Message
     
    Leaves more time for audience questions!
    24 Apr 2014, 09:20 AM Reply Like
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