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Buffett Criticized By Some For Tax Inversion Play

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Mark Melin
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Warren Buffett’s recent investment in Burger King Worldwide Inc (NYSE:BKW) related to the acquisition of Canada’s Tim Hortons Inc. (NYSE:THI) (TSE:THI) and a potential tax inversion deal has drawn scorn.  It raises the question: Is Warren Buffett a hypocrite, as is being implied? Or perhaps is there a second explanation that actually supports Buffett’s decision based on his previous “investing is blind to taxes, it’s all about the deal” documented mantra?

Asness on Buffett Tweet

Asness analyzes Buffett's investment in Burger King

In a tweet today, Cliff Asness, founder of AQR Capital Management, a titan in the algorithmic trading community, makes a discretionary value judgment about Buffett’s motivation in the Burger King Worldwide...

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Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.