Fund Manager Makes a Big Bet on Buffett

Managing money is no laughing matter, but that's not stopping one fund manager from finding a little humor on Wall Street.

Fund manager Karl Mills draws cartoons depicting the funny side of finance when not selecting stocks for the $9 million (CPFSX Quote)Counterpoint Select fund. While the market's sharp downdraft recently has been anything but comical, his concentrated large-cap growth fund has fared relatively well, down 3.75% year-to-date compared with a 7.3% loss for the S&P 500. Last year was the fund's first full year in existence and it returned 2.6%, trailing the benchmark by almost 3 percentage points.

Mills sat down with TheStreet.com to discuss why he is positive on Berkshire Hathaway(BRKA Quote) and big-cap tech, as well as his peculiar hobby.

How do you choose stocks for the Counterpoint Select fund? It's a very concentrated, low-turnover fund holding just 20 or so stocks, so you certainly must have a great deal of faith in these names. ...