Skip to content

Wedgewood Partners not a Buffett fan

Warren Buffett’s cash hoard of +$125 billion continues to be a considerable impediment of growth, rather than our previous hard expectation of a valuable call option on opportunity in the hands of one of the most elite capital allocators extant. Thumb-sucking has not cut the Heinz mustard during the Great Bull Market of 2009 – 2019.
-- Wedgewood Partners Third Quarter 2019 Client Letter (.pdf)