You know, Buffett has better disclosure and is more transparent than you do. Hypocrite (LOL).

Saying he practices selective disclosure is silly. Everyone practices selective disclosure. Buffett discloses more than anyone else in his position discloses.

As for Buffett not disclosing T & T's financial results, I am guessing it isn't disclosed because it is much more complicated than just posting a percentage return. It is well known that T & T have had many discussions with Buffett about stocks that Berkshire has gone on to benefit from (including Apple). How do you then take the returns from those stocks and attribute it to each person. How much credit do you give T & T for Apple's returns to Berkshire?

I am not saying T & T do not deserve scrutiny or that they were good or bad hires. I simply do not know and neither do you (or anyone else outside Buffett's close circle). What I am saying is that measuring their value by a simple percentage return versus the S&P is beyond useless. That would be fine if their sole job was nothing more than managing the money they are given. It is quite clear that their job entails much more than that.

Berkshire Hathaway FAQ

---

Contact Shrewd'm
Contact the developer of these message boards.