📈 Business
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Bloomberg
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Buffett protégé says beating market odds keep declining
Guy Spier, a hedge fund manager and close associate of Warren Buffett, recently closed his firm. Spier keeps a bust of Charlie Munger in his Zurich office but admits that Buffett and Munger's stock-picking strategy no longer works. He says odds of beating the market keep fading.
Guy Spier keeps a bronze bust of the late Charlie Munger of Berkshire Hathaway Inc. in the hallway of his Zurich office. Yet the hedge fund manager, who has just closed up shop, says Buffett-and-Munger-style stockpicking doesn’t work any more.