Subject: Re: OT: Biglari Holdings (BH)
I first heard about this company in 2012-13. The next berkshire, great capital allocator etc... and i stayed well away. The guy is arrogant and his compensation was more hedge fund like than buffett like. Pulling up a chart, glad i did.

Its the same reason I wont touch Boston Omaha as well. The thesis in both is you rely on them being great capital allocators but their compensation looks too one sided in my opinion