Tuesday, April 23, 2013
Buffett Challenger Kass Prepares For Meeting, Munger Test
Douglas Kass, the investment manager selected by billionaire Warren Buffett to ask questions at Berkshire Hathaway Inc. (BRK/A)’s annual meeting next week, has hit the books in preparation for the challenge.
The fund manager said in an interview yesterday that he’s reading Alice Schroeder’s more-than-800-page biography of Buffett and other titles to get ready for the May 4 gathering in Omaha, Nebraska. It’s taken about 10 hours on average for each question, he said by phone.
“We can’t lose sight that this company, and Mr. Buffett as a person, has been combed over with questions,” said Kass. “It’s not like this is a breeze. I think he expects something of me, and I don’t want to disappoint him.”