Though we are not presently accepting outside money, this may change in the future, and if it does, we are planning on adopting The Buffett Fee structure. This is the 0-6-25 arrangement, which is 0% management fee with 25% of the profits above 6%. The well-regarded value investor Mohnish Pabrai has also re-popularized this agreement. I personally believe it is much more fair than the standard 2 and 20, as we are only paid for out-performance, as opposed to being compensated for merely existing.
