Image via WikipediaWarren Buffett Hires Todd Combs to Invest for Berkshire - NYTimes.com: "Mr. Buffett, 80, has said that upon his death or retirement, his roles of chairman, chief executive and chief investment officer will be split among multiple people. Mr. Combs now stands as the heir apparent to the chief investor position, though Mr. Buffett made clear such an appointment had not been decided.In class yesterday we just spoke if Buffett and his excellent long run performance. Here is his year by year record from CNBC.
“He’s got the best chance of being the successor, but if we find the right guy or gal, we’d take that person, too,” he said.
(Class assignment idea: calculate various performance measures--Sharpe, Treynor etc. based on his Berkshire Hathaway's Returns.)
1 comment:
If that's how Warren Buffett wants to work, then leave him to it. The guy he's hiring could have unbelievably more knowledge than the big guys out there.
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