Billionaire investor Warren Buffett told CNBC on Monday that Berkshire Hathaway investment managers Ted Weshler and Todd Combs pushed the S & P 500 "small" as everyone joined the company.
Ushler and Combs now manage about $ 13 billion each. Both of them are former managers of hedge funds.
Combs, at the end of the 40's, came to Berkshire in 2010 after three years of searching for someone to help manage a mass portfolio of shares in the company. Weschler, in his late 50s, joined Berkshire two years later, after paying a combined $ 5.3 million to win 2011 and 2010 auctions for the annual charity lunch from Buffett.
"The first few years, each of them … they well ahead of the index and paid them," Buffett said, explaining that their compensation is constructed so that it depends on their performance. "He came to a third. So, it would be possible to turn back two thirds if they missed the second year and so on. "
" Both of them made an incredible amount of work in terms of acquisition. in particular at our medical facility, "said Buffett, referring to the Berkshire-Amazon-JP
." Morgan's goal is to reduce the costs of protecting the health of its employees and how it can help. " Reduce the cost of medical care in the United States. Outgoing letters, including $ 112 billion in Berkshire money, and what he wants to do with him, his first purchase of shares, the risk of too much debt, and what he sees as the greatest risks.
By the end of 2018, American Express, Apple and Bank of America were estimated at nearly $ 173 billion.
An interview from Buffett (88) on Monday was held in Berkshire, which owns the furniture brand Nebraska