Subject: Re: OT-Guy Spier’s Aquamarine Fund
wow thanks for finding this....

"“Overall, according to the analysis, the pair have generated an average total annual return of about 7.8 per cent over the past decade. That falls short of the 12 per cent return of the S&P 500 and Buffett’s own 10.2 per cent gain. They have trailed the index in seven out of 10 years."

no wonder Warren doesn't disclose this