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Why sell Berkshire? Just sell Coke. This whole saga is kind of ridiculous: I like Winters an investor, but not sure why he would think that his fund, which has about 1B in AUM and 4% or so in KO - would have any real influence on a company whose board is firmly entrenched. "He (Buffett) didn’t immediately comment on the Wintergreen sale Friday." Well, yeah. I'm sure Warren is not losing any sleep.
It's not that Winters shouldn't attempt activist investing or that Coke doesn't need to change, but there are battles that are a waste of time and energy and cost.
Sorry, can't help myself: "“Is there not one thing in your life that was worth losing everything for?" ---Sean Connery as Raisuli The Magnificent in "The Wind And The Lion."
David Winters gives decent interviews, but I have yet to be impressed by his performance at WGRNX, which continues to have underwhelming returns for a fund with an exorbitant expense ratio of 1.85% and AUM of $1.7B. He continues to be a poster child for indexing, such as ACWV. And among actively managed WS funds, I would definitely prefer the lower cost DODWX.
Comments
It's not that Winters shouldn't attempt activist investing or that Coke doesn't need to change, but there are battles that are a waste of time and energy and cost.
"“Is there not one thing in your life that was worth losing everything for?"
---Sean Connery as Raisuli The Magnificent in "The Wind And The Lion."
Kevin