The advantage of permanent capital
Mar 27, 2020
2 minutes
By Simon Brown
warren Buffett often talks about the immense benefit of Berkshire Hathaway having permanent capital. He also mentioned it in his February letter to shareholders and he’s right that it makes a real difference to an investor if they have permanent capital.
Let’s start with the inverse – what is non-permanent capital? It is money that investors give to managers to invest on their behalf. This
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