Ted Weschler

Warren Buffett's Right-Hand Man

Ted Weschler, portfolio manager for Berkshire Hathaway, Inc., right, speaks as Tracy Britt Cool, financial assistant to Berkshire Chairman Warren Buffett, left, looks on prior to the 'Berkshire Hathaway Invest In Yourself 5K' race presented by Brooks Sports, a Berkshire Hathaway Inc. company, on the sidelines of the Berkshire Hathaway shareholders meeting in Omaha, Nebraska, U.S., on Sunday, May 4, 2014. Warren Buffett whose Berkshire Hathaway Inc. joined 3G Capital last year in a $23.3 billion takeover of ketchup maker HJ Heinz Co., said yesterday he'd welcome more deals with the buyout firm. Photographer: Daniel Acker/Bloomberg via Getty Images
Ted Weschler, portfolio manager for Berkshire Hathaway.
  • Why it matters

    Why it matters

    Ted Weschler, 55, is a key figure in Berkshire’s corporate succession plan set by Warren Buffett, the holding company’s 85-year-old board chairman and chief executive who’s known as the “Oracle of Omaha.”

  • Facts

    Facts

    • Warren Buffett, Ted Weschler and another portfolio manager oversee a portfolio of stocks worth more than $100 billion.
    • Berkshire Hathaway is headquartered in Omaha, Nebraska, and is the fifth-largest publicly listed company in the United States.
    • Last year, Berkshire took over a Hamburg-based firm that sells motorcycle clothing, spare parts and accessories.
  • Audio

    Audio

  • Pdf

Ted Weschler feels light years away from the hectic activity of Wall Street. His office is above a bookstore in the relatively unhurried city of Charlottesville in Virginia. He doesn’t bother with a nameplate on the door. Anyone who needs him knows where to find him.

Mr. Weschler is one of the two portfolio managers who work for Warren Buffett’s conglomerate Berkshire Hathaway. Together with the star investor, he manages stocks worth more than $100 billion. When Mr. Buffet, 85, no longer heads his firm, the 55-year-old Mr. Weschler is likely to share the title of chief investment officer with his colleague Todd Combs, continuing to play a crucial role at the Omaha, Nebraska-based operation, the fifth-largest publicly listed company in the United States.

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