Did Warren Buffett Capitulate? This Fund Manager Argues Value Is Not Dead

Value investors have been anxiously waiting for a top, although a few short-sellers are waiting patiently for their positions to pay off. Legendary value investor Warren Buffett’s Berkshire Hathaway actually bought shares of growth/ momentum play Amazon, and one value fund manager questions whether he may have finally capitulated to the seemingly endless momentum and growth cycle. Q2 hedge fund letters, conference, scoops etc The long/ short RBI Capital Partners was down 4.6% gross and 5.2% net for the second quarter. The short-only RBI Capital Kodiak fund was down 5.4% gross and net for the quarter. The long/ short Partners…