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TheStreet Open House

Doug Kass To Throw a Few 'Curveballs' At Warren Buffett

NEW YORK ( TheStreet) -- Berkshire Hathaway (BRK.B) bear Doug Kass will be facing off with the legendary Warren Buffett at the company's annual shareholder meeting this weekend, and says he has come up with some "spicy research" on the Oracle of Omaha and his celebrated company.

Kass, President of Seabreeze Partners Management and long-time Real Money Pro contributor, won the rare opportunity to attend the famous shareholder meeting as a "credentialed bear" on the stock and will be allowed to pose six questions to the Wizard of Omaha and his partner Charlie Munger.

Appearing on CNBC's Squawk Box on Friday morning, Kass told anchor Becky Quick that he was "very excited" about attending the meeting, though he confessed he was a little overwhelmed.

"I feel like a journeyman pitcher facing my cousin Sandy Koufax, the hall of fame pitcher from the LA Dodgers," said Kass. "What makes matters worse is look at the batting order I am facing. At number three, we have Charlie Munger with a lifetime batting average of .390. At cleanup, we have Buffett, with the highest batting average in history of major league finance."

Still, Kass said that has a couple of good "curveballs" to throw at them at the meeting, though he did not reveal what he would focus on.

He said he has spent the past several weeks wearing the hat of an "investigative reporter" conducting deep-dive research on the company. It has been a challenge, as Berkshire Hathaway and Warren Buffett have been under the microscope for several decades.

Kass has re-read all the important books on Buffett, including Roger Lowenstein's Buffett: The Making of an American Capitalist and Alice Schroeder's Snowball. He also read everything that Fortune's Carol Loomis has written on Buffett and Berkshire.

He also spoke to many acquaintances of Buffett who have nothing to do with the business.

Read more about how Kass prepared for the meeting in My Pilgrimage to Warren Buffett's Omaha.

Kass has been short Berkshire Hathaway Class B shares for about a month and a half with an average cost basis of $104.38 and is slightly underwater.

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