Andy Redleaf: Warren Buffett is an above-average investor, but an elite borrower
Andy Redleaf · Andy Redleaf - Evolution of Markets (Capital Allocators, EP.46) · Apr 2, 2018 · at 34:00
Andy Redleaf, founder of hedge fund Whitebox Advisors, discusses liability management, bank balance sheets, and leverage with Ted Seides.
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“And I've always thought that Warren Buffett is not a great investor. He's a, he's an above average good investor. He's good on the asset side. He's the world record holder. He's the absolute best borrower in the world. And had sort of a unique model, and that's not to in any way denigrate him, because it's both sides, and he's, you know, good on one side, and phenomenal on the other side.”
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