Longtime readers will recall my posting about the death of Bill Ruane in 2005. I wrote:
When Warren Buffett closed the Buffett Partnership in 1969, he gave the partners a choice of receiving shares of Berkshire Hathaway or cash. Those taking cash were encouraged by Buffett to put their money in the Sequoia Fund. Either choice turned out to mean profits of millions of dollars.
The Wall Street Journal reports the Sequoia Fund is reopening to new investors for the first time since 1982.
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