When Warren Buffett fired all of his investors in the late 60s he shut down the Buffett partnerships and shifted his funds over to Berkshire Hathaway. He said you can take your money out a Buffett partnerships and put it into Berkshire or if you want to be in a mutual fund you can go with Bill Rwayne. So that's going to be a good solution for a great deal. It's been an extraordinary investment over the years they got into some controversy and trouble over the last 18 months because they had a very large position in Valion which didn't work out for them but last annual meeting Warren and Charlie both said that the culture of the farm was intactit's a wonderful place.
For show notes and more information, visit www.investedpodcast.com This week on our from the vault episode, we wrap up our review of value investing basics with Hedge Fund manager and author of Education of a Value Investor, Guy Spier. We’ll ask Guy who he looks to for inspiration and discuss the fear that can accompany buying stock.
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