Author Topic: Buffett Partnership Question  (Read 1830 times)

NBL0303

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Buffett Partnership Question
« on: January 09, 2018, 03:01:36 PM »
I have a question for any CoBFers that happen to sort of amateur Buffettologists as I am.  Years ago, I read through all of Warren's letters from his partnership years - or at least all of the ones that are publicly available which I believe is all of them.  What I should have done at that time, but, alas, did not do, was calculate at least in rough terms where the Buffett Partnership's returns came from.

So here is the question - if there are any Buffett Partnership experts out there - do you have any idea of the breakdown of where the Partnership's returns came from - basically split out per investment - during the 13 years of the Partnership?  The actual returns of the Partnership are well known - but I'm just wondering what the full bridge is.  Meaning, American Express generated such-and-such return which comprised about 8% of the Partnership's returns over those 13 years.  This probably cannot be calculated with geometric precision, but I believe rough answers could be backed into.  We all know Sanborn Maps, Dempster Mill, American Express and a few of the other investments from that era that worked out famously well.  I think this would be really interesting to see rough numbers on this.

Any help that anyone can provide would be much appreciated.  Thank you and cheers!


rb

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Re: Buffett Partnership Question
« Reply #1 on: January 09, 2018, 06:38:13 PM »
I think if you have the partnership letters you can work it out. Also a lot of the returns came from risk arbitrage, or workouts as he called them.

Dempster Diver

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Re: Buffett Partnership Question
« Reply #2 on: January 23, 2018, 11:28:15 AM »
`68 was the best year in both $$ and % (overall partnership up $40m or 58.8%, LP's +45.6%).  The letter recapping the year breaks down the $40m gain as follows: $22m from Generals-Private Owner, $7.3m from Workouts, $5.9m from Controls and $4.3m from Generals-Relatively Undervalued.   

NBL0303

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Re: Buffett Partnership Question
« Reply #3 on: January 28, 2018, 12:16:17 PM »
`68 was the best year in both $$ and % (overall partnership up $40m or 58.8%, LP's +45.6%).  The letter recapping the year breaks down the $40m gain as follows: $22m from Generals-Private Owner, $7.3m from Workouts, $5.9m from Controls and $4.3m from Generals-Relatively Undervalued.

Thank you!

John Hjorth

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Re: Buffett Partnership Question
« Reply #4 on: January 28, 2018, 12:29:49 PM »
NBL0303,

You can find gold [for you] in this topic from Racemize and DooDiligence. [ ; - ) ]
”In the race of excellence … there is no finish line.”
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