Go Pitch Your Money Management Skills Elsewhere, Warren Buffett Is All Stocked Up Here

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...Although Warren Buffett hired the hedge fund manager who won the last two private lunches with him that are part of an annual auction, he doesn't expect the event to become a recruiting tool for Berkshire Hathaway. Rather, Buffett says it's miraculous that he found one of Berkshire's two new investment managers through the lunch. He offered Ted Weschler a job after he'd paid nearly $5.3 million over two years to dine with Buffett. "We're perfectly situated now in respect to money managers," Buffett told the Associated Press. Besides Weschler, Buffett has also hired Todd Combs to eventually oversee the company's investments when the 81-year-old Buffett is gone as part of Berkshire's succession planning. [AP]

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