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STEINHARDT: BUFFETT HAS CONNED EVERYONE

Hedge fund legend Michael Steinhardt rips the modern hedge fund manager, says Warren Buffett has conned everyone and discusses the macro economy. Steinhardt says his largest position is short the two year treasury. He claims it’s possible to fight the Fed and that the cliche is misleading. As for the US economy, Steinhardt maintains that we are insulated from much of the turmoil in the global economy. With regards to Buffett I entirely agree – the myth of Buffett has been one of the most overhyped and misunderstood myths of modern investing….

Source: CNBC

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