Subject: Re: OT-Guy Spier’s Aquamarine Fund
This may be the reason why Mr. Bufett did not hire either Pabrai or Spier to handle investments at Berkshire. Mr. Buffett has known them since their famous lunch in 2007 at the Smith & Wollensky steakhouse in New York City. Pabrai was also close to Charlie Munger.

During and after that lunch, Mr. Buffett was actively looking for investment managers for Berkshire. He hired Todd Combs in 2010 and Ted Weschler in 2012.