Matt Levine, Columnist

Warren Buffett Re-Hedged His Bet

Also pay parity, VIX inquiries, sovereign immunity and the crypto.

February 26, 2018 at 3:03 PM UTC

Matt Levine is a Bloomberg Opinion columnist. A former investment banker at Goldman Sachs, he was a mergers and acquisitions lawyer at Wachtell, Lipton, Rosen & Katz; a clerk for the U.S. Court of Appeals for the 3rd Circuit; and an editor of Dealbreaker.

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Oh Warren.

Warren Buffett published his annual letter to Berkshire Hathaway Inc. shareholders on Saturday, and I guess we have to talk about it, even though it was kind of boring. "It was his shortest missive in more than two decades," points out my Bloomberg Gadfly colleague Tara Lachapelle, and it contained only a single off-color reference to the sex lives of teenagers.