This is the letter that Warren Buffett sent to Hank Paulson in 2008 right around the time TARP was passed. Buffett suggested his own proposal, and promised to invest $200m of his own money in the fund, which Buffett suggests.
Full letter below.
The ExodusPoint Partners International Fund returned 0.36% for May, bringing its year-to-date return to 3.31% in a year that's been particularly challenging for most hedge funds, pushing many into the red. Macroeconomic factors continued to weigh on the market, resulting in significant intra-month volatility for May, although risk assets generally ended the month flat. Macro Read More