Warren Buffett Picks Successor

Written by Pat's Papers | Tuesday, 26 October 2010 6:20 AM

The Oracle of Omaha has spoken. And he’s chosen a successor says the Wall Street Journal. Warren Buffett named Todd Combs, a hedge-fund manager, to oversee Berkshire Hathaway’s $100 billion portfolio. It’s part of Buffett’s succession plan, which involved break his job into two—CEO and head of investments. Little is known about Combs, who, until now, has managed a small fund in Connecticut.

This summer the Journal profiled Li Lu, who was widely anticipated to be the next in line to head Berkshire Hathaway. Read their very interesting profile on him here.

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