"Combs and Weschler had "proved to be smart, models of integrity, helpful to Berkshire in many ways beyond portfolio management, and a perfect cultural fit," Buffett wrote in his 2012 shareholder letter, two years after hiring Combs."
""We hit the jackpot with these two.""
""Their contributions are just beginning: Both men have Berkshire blood in their veins," he wrote the following year."
""My impression is that this was not an easy decision for anyone concerned," Cunningham added."
Todd Combs was hired in 2010 to help and ultimately succeed Warren Buffett and Charlie Munger in managing Berkshire Hathaway's investment portfolio. Combs, one of Buffett's two investment managers, has quit Berkshire to join JPMorgan just as Buffett prepares to step down after six decades as CEO. Lawrence Cunningham described Combs' exit as "certainly striking" and said the decision likely was difficult. Combs and Berkshire did not respond to requests for comment. Buffett had repeatedly praised Combs and Ted Weschler as smart, high-integrity, culturally compatible contributors and credited Combs with bringing Precision Castparts to Berkshire's attention.
Read at Business Insider
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