Personal Note: As can probably be guessed from the paucity of recent posts, I have been rather busy trying to set up a new partnership. So, though there have been a lot of things that have caught my attention, I haven’t been able to post much. I decided to take the medicine and do a few short posts when I get the time.
Terry Smith has written again about the kerfuffle he’s raised about his last entry on the Hedge Fund 2 & 20 deal. He says that commentary on his calculation has centered either against the calculation methodology or basically said “so what?” I don’t question his methodology, nor do I think it doesn’t rate some soul-searching. However, there are a couple of other things that I really have an issues with: Continue reading “Background: Hedge Fund Fees, Terry Smith and Warren Buffett”→