Warren Buffett invests in Hedge Fund

HappyHarry said: "I found this interesting: I couldn't access the whole article, but here's a snippet. [quote] did not know, however, is that Mr. Buffett has invested $620 million of Berkshire Hathaway's money in a hedge fund run by the son of a close family friend. ... [/quote] Buffett has been publically against Hedge Funds, so I wonder why the about face?"

chahinemm said: "im sure that after having access to 40 some billion dollars he can affod to experiement in new trading strategies and continue to grow that wealth. he is also using peoples devotions to his strategy and his specific moves to maybe get a fund or anything he invests in an extra level of visibility. chahine"

AlfredSokol said: "The funny thing is $620,000,000 is a small amount of money to Buffett."

alhamid said: "He probably want to shorts stocks without public attention."

Heather said: "Maybe he's bored and sees an opportunity?"

chahinemm said: "or maybe he wants to divert attention away from something he wants to acquire and he sees as a major opportunity and doesn't want to have to pay a premium for it. all speculation... unless Mr. Buffett himself joins us and answers to our assumptions :D chahine"

alhamid said: "buffett never talks! not until way after. thats why he so rich :)"

OptiWiz said: "The portfolio is so huge at Berkshire that Buffett is probably being forced into making more non-traditional investments."

chahinemm said: "i agree with the size of portfolio being huge but the process of im looking outside the box i think is natural for buffett as any way to make a good and strong return is natural and its what he is known for. chahine"

OptiWiz said: "It sure is. I'm sure someone with $40 billion just doesn't look at investments in the same way we do."

Heather said: "For sure. This might sound stupid, but I can't even imagine what 40 billion dollars in cash would even look like. Probably a big room with money piled to the ceiling!"

chahinemm said: "i agree.... there will stacks and stacks of 100 bills....i have seen stacks of couple of millions in banks but thats about it... chahine"

AlfredSokol said: "Next time I count my billions I'll have everyone over. But you have to promise to not steal any!"