Warren Buffett plans for succession of business became apparent. Yesterday, the second richest man Forbes was appointed one of his hedge fund manager in Connecticut who have insurance experience to handle a significant portion of Berkshire Hathaway investment portfolio.
In a statement, Berkshire appoint Todd Combs (39) as an investment manager. Just so you know, based on information that was sent to a number of investors, Combs already experienced in dealing with financial sector shares worth 400 million U.S. dollars in Castle Point Capital of Greenwich.
Later, the Buffet (80) is seeking candidates who can take over all duties at the time he resigned from the business world. Buffett also said, all responsibilities have been divided to three trust-related death or retirement
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