Subject: Re: Bloomstran annual letter is out
What he does write about Berkshire flies in the face of Buffett’s “conservatively calculated” approach. Arguably there’s an unmet need amongst shareholders to hear this vain. Makes them feel smug about owning Berkshire. They weren’t going to get it from Warren.

Surely it helps a money manager that there’re a lot of old money wealthy around Omaha. And Buffett providing full disclosure like no other Chairman does.

Like to read his 100 page writings about his second best idea. He’s been in the business for 25 years.