Monday, April 29, 2013
Investors earn handsome paychecks by handling Buffett's business
Found via the
Corner of Berkshire & Fairfax
Warren Buffett's decision to hire two investment lieutenants is paying off for Berkshire Hathaway, and it's paying off for the two younger money managers, too.
Todd Combs, 42, and Ted Weschler, 51, are expected to receive bonuses exceeding $50 million each based on their investment results in 2012, evidence that they and Buffett made the right choices when they connected.
Combs and Weschler discussed how they came to work for Buffett in interviews for a new World-Herald book, “The Oracle & Omaha: How Warren Buffett and His Hometown Shaped Each Other.”
The Oracle & Omaha: How Warren Buffett and his hometown shaped each other