Money and Finance
- Links
Eddie Lampert video excerpts from the Sears Holdings Annual Meeting (LINK) Buffett’s Berkshire Discloses $528.7 Million Verizon Bet (LINK) The Verizon investment was probably taken by one of his backup stock pickers, Todd Combs or Ted Weschler, based...
- 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,...
- Weschler Rise From Grace Leads To Role Advising Buffett
Ted Weschler’s first job after college was at chemical maker W.R. Grace & Co. (GRA) In 2007, six years after the company filed for bankruptcy, his hedge fund held 15 percent of the shares. That’s when he called Joe Rice. Rice, a South Carolina...
- A Disciplined And Driven 'connect-the-dots' Investor
Two days ago, Richard "Ted" Weschler was a successful but unsung hedge-fund manager in this city of 43,000 people hundreds of miles from Wall Street. Now, a day after the world learned that Mr. Weschler will be working as one of two investment managers...
- Meet The Leading Contender To Manage Berkshire's Billions
Today, a large Berkshire Hathaway mystery lifted when a Greenwich, Conn., hedge fund, Castle Point Capital Management, quietly advised its investors that the fund's managing partner, Todd Anthony Combs, would leave to join Berkshire at the end of...
Money and Finance
Meet Ted Weschler: Buffett auction winner, Berkshire's new hire - By Carol Loomis
It is surely unprecedented for a person to spend $5,252,722 to get a job, but in a funny way, that is precisely what Ted Weschler, of Charlottesville, Virginia, did. The details, in all their improbability:
Warren Buffett announced this morning that Weschler, 50, the highly successful managing partner of hedge fund Peninsula Capital Advisors, will soon join Berkshire Hathaway to run a portion of its investments. That move, added to the hiring of Todd Combs last year, is aimed at preparing investment-rich Berkshire for a day when Buffett, who just turned 81, will no longer be running the company's investments.
And how did Buffett get to know Weschler? It's here that fact becomes stranger than fiction.
- Links
Eddie Lampert video excerpts from the Sears Holdings Annual Meeting (LINK) Buffett’s Berkshire Discloses $528.7 Million Verizon Bet (LINK) The Verizon investment was probably taken by one of his backup stock pickers, Todd Combs or Ted Weschler, based...
- 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,...
- Weschler Rise From Grace Leads To Role Advising Buffett
Ted Weschler’s first job after college was at chemical maker W.R. Grace & Co. (GRA) In 2007, six years after the company filed for bankruptcy, his hedge fund held 15 percent of the shares. That’s when he called Joe Rice. Rice, a South Carolina...
- A Disciplined And Driven 'connect-the-dots' Investor
Two days ago, Richard "Ted" Weschler was a successful but unsung hedge-fund manager in this city of 43,000 people hundreds of miles from Wall Street. Now, a day after the world learned that Mr. Weschler will be working as one of two investment managers...
- Meet The Leading Contender To Manage Berkshire's Billions
Today, a large Berkshire Hathaway mystery lifted when a Greenwich, Conn., hedge fund, Castle Point Capital Management, quietly advised its investors that the fund's managing partner, Todd Anthony Combs, would leave to join Berkshire at the end of...