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Ben Gilbert: uncertainty

7 Jun 2021 Acquired Berkshire Hathaway Part III

“When this interview came out, I don’t know, a few years ago maybe more the capital pull for each investment manager was $13 billion.”

— Ben Gilbert

Source trail

Everything needed to verify it.

Speaker
Ben Gilbert
Attribution
Verified speaker
Claim type
uncertainty
Recorded
7 Jun 2021
Publisher
Acquired

Transcript context

…You can see for somebody like Li, this is total speculation and rumors that are online, it's never been confirmed one way or the other but supposedly the other candidate according to rumors was David Einhorn from Greenlight Capital I think. The famous hedge fund manager. But for folks like that, it's not an attractive value proposition really to go work at Berkshire. But for Todd who's running a small $100 million hedge fund, this is the chance of a lifetime. When this interview came out, I don’t know, a few years ago maybe more the capital pull for each investment manager was $13 billion. Even on its own, it's a very large hedge fund, even your little sliver that you're managing. Yup. Huge opportunity for Todd. He joined at the end of 2010. It turns out though that Warren and Charlie didn't know it at the time but they weren't actually done with the hiring. As they referenced in 2006, they're going to bring on several candidates. Do you know how we talked about on the—we haven't talked about on the series yet, but we talked about this on the Pinduoduo episode that Warren does these annual charity lunches that he auctions off? The auctions actually happened on eBay which is amazing.…

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