Buffett Partnership Ltd paid 4% interest and 50% profits above 4%, and if there was a loss 25% of it was hit directly to Buffett, unlimited. Friends and family

Buffett Partnership Ltd paid 4% interest and 50% profits above 4%, and if there was a loss 25% of it was hit directly to Buffett, unlimited. Friends and family only. Buffett and Buffett charged jack shit. Again, extremely limited. The important thing he was criticizing was the excruciating fees, I think.