Think Warren Buffett really gave downtrodden hedge funds the business last weekend? Well, just wait until your hear the Journal’s Oracle-inspired Spencer Jakab take his cuts on yesterday’s Heard on the Street podcast.
The highlights include a discussion of Buffett’s will, the unsustaining properties of relative returns, the comparative investment abilities of simians to highly-paid hedge fund managers, and whether the “scales are falling from people’s eyes” vis-à-vis hedge funds. Suffice it to say that Jakab should be on guard for paunchy men in Spandex lurking in the shadows this weekend.
Is Warren Buffett Right About Hedge Funds? [WSJ MoneyBeat blog]