Subject: Re: Buffett Appreciation by Southeastern Asset Mgmt
<<<I wonder why Southeastern have seldom owned Berkshire? ….
I owned that pig (Longleaf Partners Fund)……>>>

I’ll take a swag based on my own experience. They weren’t the only so-called Value fund that underwhelmed. Any such fund that I owned, holding a chunk in Berkshire is also an invitation for me to sell the fund to own Berkshire directly. The fees, especially for value funds made my head hurt that much more. Thankfully, it didn’t take too long; especially as I watched them floundering.