Since Berkshire Hathaway announced late Monday it was tapping Todd Combs as a successor to Warren Buffett, the most common response has been, “Why him?” By all accounts, Combs, a father of three, is said to be affable, hard-working guy who wears khakis and button-downs at the the office where he’s made money for his clients every year but 2008, and has returned a 34 percent since launching in November 2005. One investor said “it’s tough to find someone as passionate and thoughtful,” his former business school professor at Columbia says that out of “a very intense group of MBAs,” Combs “probably had the greatest desire to win” and his wife April’s maid of honor told the Journal that he’s gotten to where he is today without knowing anyone in the industry when he first started and that he’s “smart and can adapt.”
Still, though, many wonder why Berkshire didn’t go with someone who has experience managing a larger fund (Castle Point’s assets are less than half a billion) or who produced more spectacular returns. Buffett has said that beyond Combs’ “ability and intelligence,” he and Vice-Chairman Chairman Charlie Munger wanted him because they were “convinced he would fit in to Berkshire’s no-fuss culture,” an explanation that has not entirely satisfied people, some Berkshire shareholders included.
A tip from an insider and a bit of digging on our parts has revealed the REAL reason WB went with T: Continue reading »
Let it be known: if you are not interested in having your supervisor (circle all that apply:) send you videos of himself masturbating, texts about the stuff he wants to do you rife with spelling and grammatical errors, grope you, or leave you lewd notes via Post-It, consider not accepting a gig with Guerreiro Wealth Holdings, where, allegedly, this kind of thing is not frowned upon.
In papers filed in Manhattan Supreme Court, Karen Lo, 20, said she’d only been working at Guerreiro Wealth Holdings for a short period of time when boss Thomas Guerriero sent her the astonishing e-mail “with a link to an obscene pornographic video containing explicit sound and imagery depicting male masturbation and ejaculation” this past Nov. 5. The person is only identified by the tag “stallionman_69,” but Lo “believes the masturbating male, whose face is off-camera, is Guerriero.” The stunned stockbroker texted her boss back a short time later saying “I really can’t mix work with my personal life . . . I really hope this doesn’t affect work.” Guerriero responded hours later, saying, “No that’s fine. I hope we can be friends though,” the suit says. But “the unwelcome sexualized banter” didn’t stop.
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Why Warren Buffett Picked Todd Combs
By Bess LevinStill, though, many wonder why Berkshire didn’t go with someone who has experience managing a larger fund (Castle Point’s assets are less than half a billion) or who produced more spectacular returns. Buffett has said that beyond Combs’ “ability and intelligence,” he and Vice-Chairman Chairman Charlie Munger wanted him because they were “convinced he would fit in to Berkshire’s no-fuss culture,” an explanation that has not entirely satisfied people, some Berkshire shareholders included.
A tip from an insider and a bit of digging on our parts has revealed the REAL reason WB went with T: Continue reading »
Tags: Brett Favre, Castle Point, crotch shots, having your wife's maid of honor give comment is the new killing it, hedge fund managers, here's the REAL reason, Jenn Sterger, sexts, thank you and good night, Todd Combs, Warren Buffett