Kass Takes Buffett’s Challenge to Present Bearish Questions
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Douglas Kass, the investment manager betting against Berkshire Hathaway Inc., accepted billionaire Warren Buffett’s challenge of asking bearish questions about the company at its annual meeting in May.
Kass, the founder of Seabreeze Partners Management Inc., began to bet on a decline in Berkshire stock in the last five days, he said in a phone interview today. He will be surrounded at the meeting by tens of thousands of shareholders, many of whom travel from around the world to listen to the billionaire Berkshire chairman and Vice Chairman Charles Munger.