Dec. 31 at 8:49 PM
Ted Weschler is seen as the likely successor to Warren Buffett as Berkshire Hathaway’s top stock picker following Todd Combs’ departure. He joined Berkshire in 2012 and has managed about 5% of its equity portfolio, backed by a strong personal record that includes growing a
$70,000 IRA into
$221 million by 2018.
With Combs leaving, Weschler is expected to take on a much larger role overseeing Berkshire’s concentrated equity portfolio. However, some investments linked to him, such as DaVita and Sirius XM, have underperformed, and Buffett previously said both Weschler and Combs slightly trailed the S&P 500.
Berkshire has not confirmed Weschler’s exact role once Greg Abel becomes CEO. The extent of future portfolio changes remains uncertain, especially with Berkshire holding more than
$350 billion in cash. Further details may emerge in Abel’s first shareholder letter.
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