(Bloomberg) -- Francisco Parames, Spain's best-
performing fund manager for the last five years, got a hand-
written note from Warren Buffett a few months ago seeking advice
on investing in Spain. He was thrilled to be asked, even though
he isn't enthusiastic about the country's economy.
Parames, who oversees 6 billion euros ($8 billion) at
Madrid-based Bestinver Asset Management, predicts a real-estate
crash in his homeland will spread, dragging down companies
dependent on the Spanish economy. Lending by banks and other
credit institutions has almost tripled since 2000.
Read more at Bloomberg Exclusive News
performing fund manager for the last five years, got a hand-
written note from Warren Buffett a few months ago seeking advice
on investing in Spain. He was thrilled to be asked, even though
he isn't enthusiastic about the country's economy.
Parames, who oversees 6 billion euros ($8 billion) at
Madrid-based Bestinver Asset Management, predicts a real-estate
crash in his homeland will spread, dragging down companies
dependent on the Spanish economy. Lending by banks and other
credit institutions has almost tripled since 2000.
Read more at Bloomberg Exclusive News
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