Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Disappointing Result in Buffett Lunch Auction

Someone is trying to make Warren Buffett look good. If I were a conspiracy theorist, I would have said that Buffett himself bid in the auction. An anonymous bidder won the auction by bidding $2.35 Million, less than last year’s $2.63 Million. After noticing that the price is less than last year’s winning bid, the anonymous bidder artificially added to his bid to make it $111 more than last year’s price.

hedge fund research

This is kind of strange. The winner wants to stay anonymous, yet wants to grab the headlines by bidding the highest price ever. If he was really motivated by increasing his donation to the charity, he could have easily increased the price to $3 Million, not $111 more than what the other guy paid.

There were only 7 bids in this auction, compared with 97 bids in last year’s auction. This may be an indication that finally bidders realized that Buffett isn’t the old Buffett who could generate double digit alpha’s and make his investors rich. Warren Buffett’s alpha for the past 5-10 years is statistically not different from zero.

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!