Buffett Trails Standard and Poor’s 500 for Third Straight Year

Is Warren now better at managing his personal brand than at investing? You could have put your money in SPDRs and done better.

And this is not counting his humungous tax liability (over $366 million in back taxes and penalties was the last I heard).

I’ve suspected for years that Charlie Munger (his vice chairman) is the real brains over at Berkshire Hathaway (disclosure: Charlie tried to hire my father back  in the mid-1970’s).

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