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WHY: Trained engineer who founded his firm in 1987; has unusual fee structure – 10% of account profits, which means company doesn’t generate fees when fund goes down. Has grown money manager to $1.95B in assets, up from $1.5B year ago, by mimicking Warren Buffett’s investment strategy.
IN THE NEWS: Recognized by Barron’s as “top independent advisor” for 7th straight year. Moves up ranking to No. 23 from No. 93 last year.
NOTABLE: Private Program, which invests in Berkshire options, has generated annualized returns of +22.3% over the last 14.5 years.
QUOTABLE: After recently becoming a grandfather for the first time, proudly announced that he purchased his newborn grandson 100 Berkshire Class B shares the day he was born. “It is a good investment for someone with a 10-year horizon.”
