Gustavo Ballvé on March 28th, 2012
Food for thought, Home, Portfolio Management, Risk management, Signal or Noise

Fair and balanced look at the NetJets vs. IRS case by NYT’s Dealbook. While the amounts involved are not that relevant for Berkshire, they are quite relevant for their bizarre “nature”: the charge wasn’t there, now it’s there – and retroactive… A warning about tax codes, and not just the USA’s.

For lighter, Buffett-related fare, here’s Buffett’s article for Forbes (H/T ValueWalk.com) describing his “defining moment”: turning down an offer by Ben Graham himself to run Ben’s partnership as he was retiring. At 25, Buffett set out on his own, and the rest is history.

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