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 Insider Alert - $5 Stock To Hit $40

$200 Million Dollar Healthcare Hedge Fund's #1 Best Idea Right Now

The best healthcare hedge fund out there right now is one of the largest shareholders in this biotech stock. The fund returned more than 20% in each of the last 2 years with a virtually fully hedged portfolio, and it's sending out a BUY signal on this biotech stock. Get your FREE REPORT today (retail value of $300)

This is a FREE report from Insider Monkey. Credit Card is NOT required.
X

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 129% in 2.5 years!! Wondering How?

Download a complete edition of our newsletter for free!