Are Performance Fees Fair for Syndicate Investors?
The Argument Against Performance Fees If fund managers and syndicate managers do not outperform their benchmark, they continue to get their standard fee, even if they have to forego their performance fee. We like performance, but we do not like performance fees. There are fund managers, who charge a fee for management, but then on top of that, they charge another fee if they get returns above a certain level. We object to these “performance fees”. Some fund managers will say they should have a performance…
Warren Buffett’s partner Charlie Munger’s thoughts on successful investment practise
Warren Buffett, the world’s most significant investor, added two short sentences to Charlie Munger’s list that have been his decision-clinchers for decades, “Warren, think more about it. You’re smart, and I’m right.” Warren Buffett talked about his long-time friend and business partner, Charlie Munger, in his annual letter to the investors that was published along with Berkshire Hathaway’s annual report. Warren Buffett listed a few of Munger’s thoughts. He advised investors, “Find…
Agribusiness in Brazil jumps the most in 20 years and is now equivalent to the GDP of Argentina
Between 2002 and 2022, the country’s agricultural GDP jumped from US$ 122 billion to US$ 500 billion and is already equivalent to that of Argentina, informs José Maria Tomazela. For 2023, a record harvest of more than 300 million tons is expected, according to the National Supply Company (Conab). With this, Brazil establishes itself as the world’s third-largest producer of cereals, behind China and the USA. This growth is based on investment in research and public policies for the field. “It…
