Tuesday, August 11, 2009

Dow 36,000 & Counting!

11 Aug 2009 02:46 pm

Life After Warren

Last May, as you may all remember, I went to the Berkshire Hathaway annual meeting.


The friend who showed me around sent some further thoughts this morning, which I thought were worth sharing:
Especially this one:
(4) Baupost Group - From February 1, 1983 to 12/31/2008 average annual total return of 16.5% net of fees and incentives, vs. 10.1% for the S&P 500. This is a hedge fund, unlike the others, which are mutual funds, and it manages almost $17 billion.

If Baupost is still investing in 25 years I wouldn't be surprised if their record deserved to be classed with Buffett's by then.


Mr. Wonderful said...

You have, presumably, seen this:


If not, make haste with insensate speed, etc.

Dhalgren said...


Her dad is Francis Xavier McArdle. Old school Catholic. Probably Jesuit educated. Amazing insights there. Thanks, Mr. Wonderful !!

Dhalgren said...

What is she going to do if and when learns that Buffet is the source of funding for this nation's only family planning OB/GYN fellowship program?

That's right, virtually every abortionist Megan's age and younger in this country has been sponsored by Warren & Dorris Buffet.

I know she is pro-abort, in essence, with whatever Libertarian bullshit conditions she thinks it needs, but surely she will think differently of Buffet's billions at that point.

Anonymous said...

"Last May, as you may all remember, I went to the Berkshire Hathaway annual meeting."

Why in the world would we all remember that? There must be a point when garden variety narcissism crosses the line into debilitating mental illness.

Dhalgren said...
This comment has been removed by the author.
Dhalgren said...

"Last May, as you may all remember, I went to the Berkshire Hathaway annual meeting."

It really is a reference to the super-attentive audience in her head who remembers every word she writes.

She also assumes that an invite to the BH annual meeting would be remembered by her actual audience, given that so many libertarians aspire to be 'self-made' and admire the Buffet's for being self-made.

Not quite up there with telling a young Libertaian that you once met Ayn Rand, but similar in expected impact.

Megan expects her audience to envy her from time to time.

And yet, she does not exhibit the symptoms of Narcissistic Personality Disorder. I once supervised someone who did, and I can tell you, it was interesting and very difficult to deal with. My armchair analysis of Megan is that she's about halfway there. A mild narcissist.

I have to throw-in a feminist reading here. Would we be as harsh on Megan is she was Michael McArdle? Another topic for another time?

Susan of Texas said...

I wouldn't be. I think I understand women better than men so I tend to criticize women more than men. Plus there are many men who are reluctant to harshly criticize women, so there has been a gap to fill. Finally I have a slight advantage because I can't be accused of sexism when criticizing women.

clever pseudonym said...

Look at how harsh people are on Jonah Goldberg, Ross Douthwhatever, et. al. I don't think Megan's being treated any harsher than other pundit airing their opinions in public. If anything, I might be more harsh on her because I can't stand it when an under-qualified woman sits in a token position merely for her gender. I don't want expectations lowered when it comes to my abilities. It's insulting.

It would be one thing if people were saying things like "why is this bitch writing for the Atlantic when she should be washing some guy's feet?" But, from what I've seen, she's largely criticized on content and not gender. I've never seen anyone say she's not qualified simply because she's a woman.

Dhalgren said...

No, but I suppose we (including myself) have sometimes called out Megan for trying to be 'one of the boys' (the boys being Ezra and Matt at one time, before they threw her under the bus).

Dhalgren said...

But yes - we have been fair. If a male blogger did posts about his shopping or complained that investment banker and executive pay in New York City was sub-par, we would probably be even more harsh.