am quoted in an Omaha World-Herald article (February 21, 2016) on Berkshire Hathaway’s (NYSE: BRK.A) (NYSE: BRK.B) investment in Kinder Morgan (NYSE:KMI).
“Kinder Morgan fits Warren Buffett’s toll bridge model,” said David Kass, a business professor at the University of Maryland and owner of Class B Berkshire shares. “The concept of owning a toll is appealing because generally there is no alternative, which forces people to pay the toll. Or, if there is an alternative, it is less appealing.”
Michael Mauboussin: Here’s what active managers can do
The debate over active versus passive management continues as trends show the ongoing shift from active into passive funds. Q2 2020 hedge fund letters, conferences and more At the Morningstar Investment Conference, Michael Mauboussin of Counterpoint Global argued that the rise of index funds has made it more difficult to be an active manager. Drawing Read More