Who would Buffet hire?
When Warren Buffet first got into investment business, he started as a student and knew nobody. All his achievement, at least from the start, was his single handed outcome. At age of 82, people are talking about who would succeed him to lead Bershire. Many books have exposed Buffet's long time managers but Bershire had not hired investing managers for long even application volume is huge. In the past two years, Buffet hired Todd Comb and Ted Weschler in 2010 and 2011, respectively.
Mr. Comb, compared to Buffet's biograph, would probably become the next Warren Buffet. Here is what people talked about Mr. Comb:
Mr. Comb, compared to Buffet's biograph, would probably become the next Warren Buffet. Here is what people talked about Mr. Comb:
- "He is smart, and he can adapt. When he got into this business, he didn't know anyone"
- He graduated from Florida State in 1993. His first job was state financial analyst. Then he moved on to auto insurer Progressive on risk analysis. He found his network from Progressive that lead to his hedge fund start.
- He does his own research and spends significant time reading newspapers and reports.
- He also enrolled in Columbia Business School's Value Investing Program in 2000, like Buffet. The instructor who taught this class said of Mr. Comb, genuinely want to make money and greatest desire to win.
- When he meets his clients, there is little chitchat. His former boss said it's tough to find someone that passionate and thoughtful.
- His early investment as fund manager was identify financial firms had large illiquid assets and bearish on financial companies in 2006 such as Fannie Mae and Freddie Mac.
- He doesn't like sharing ideas with others.
- He rarely wares a tie and jacket but khaki pants and button down shirt. He works on Sundays too.
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