Re:Warren Buffet's Kid Show [video]
by BrentRitterbeck on Friday July 24, 2009 @06:04PM
(#722544)
It's a quarter of everything over six percent.
Source: How to Pick Stocks Like Warren Buffett, pg. 11.
Re:Warren Buffet's Kid Show [video]
by falsestprophet on Friday July 24, 2009 @06:37PM
(#722591)
Yeah that was his performance fee when he was managing money through the Buffet partnerships. Now he takes 0 and 0 as Chairman and CEO of Berkshire Hathaway. His compensation is primordially in the appreciation of his (substantial) share of the company.
Re:Warren Buffet's Kid Show [video]
by BrentRitterbeck on Friday July 24, 2009 @06:39PM
(#722596)
Considering the amount shares he owns, I'd rather be the Chairman and CEO of Berkshire than running a hedge fund. In addition, the float from the insurance companies under his umbrella is more than most hedge fund managers will ever manage.
He takes 0 and 25 and the 25 only if he makes a profit beyond what a conservative investment would. Something like 8% per anum, not sure, the exact number is not important anyway.
But your typical hedge fund takes 2 and 20, that's even if they do nothing or lose money.
Now here's where it gets interesting. There are literally hundreds of those funds. Doesn't that suggest a massive pent up demand for investment?