Deals
Buffett Feels Hedge Fund Managers’ Chill After Warmth in Omaha
What to Make of Dan Loeb’s Warren Buffett Comments?
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Warren Buffett had plenty of admirers Saturday at the annual meeting of his Berkshire Hathaway Inc. in Omaha, Nebraska. Some hedge-fund managers in Las Vegas this week seem more inclined to throw stones at the investing legend.
Jim Chanos followed up Thursday on comments made a day before by Daniel Loeb, citing inconsistencies in the billionaire’s words and actions. Buffett was on the board of Coca-Cola Co. in the late 1990s when the soft-drink maker was playing “egregious accounting games” with its bottler, said Chanos, who was betting on the stock to decline. Buffett has long complained publicly about accounting at corporations.