Successor of two who beat Mr. Buffett From Wall Street Journal Last year , Warren Buffetts Sage of Omaha led by the investment firm Berkshire Hathaway ( 83) lost to the successor of two people in investment performance . According to officials , respectively last year , investment manager of two people who Buffett was hired in the past few years as part of succession planning plan both of the S & P 500 index overall results and Buffetts as the top investor of Berkshire I enjoyed the performance above . Two people had outperformed their own boss and S & P500 is the second year in a row now . Return of last years S & P500 was 32% including dividends . Officials did not disclose which two people did they extent outperform this , but according to the annual letter Buffetts is addressed to the shareholders , and that was with a difference of two orders of magnitude in the S & P500 in the results of 2012 . Strong performance of two people , I used to further support that Mr. Buffett as I wrote in the letter , the adoption of he was a big hit . By going to leave all the management of the investment of Berkshire when he had retired , he was adopted ( 52) Mr. Todd Combs ( 42) , Ted Wechsler . However , no plans of retirement yet Mr. Buffett . For the first time since held the management rights of Berkshire in 1965 , Buffetts Omaha, Nebraska -born unable to achieve the goals of the company . He said that from before , to expand the net assets of Berkshire at a faster pace than the growth of the S & P500 of five years ago s goal . In the calculation of the Wall Street Journal and analysts , this goal was not achieved in over from the fact that S & P500 rose significantly last year . He had said to shareholders that it would not be able to achieve this goal , but the likelihood that shareholders are to blame he is small. Berkshire shares rose about 30 percent last year , and is trading at a level higher than the book value that indicates the net assets . How to find the high-yield investments Buffetts Berkshire to buy more stock USG Five stocks Buffetts recommended that stupid investors avoid Mr. Buffett was employed managers of two was the presence of a relatively unknown . Before joining the Berkshire in 11 , Mr. Combs ran a hedge fund $ 400 million in assets under management ( 42 billion yen ) in Connecticut . He has outperformed the S & P500 for the third year in a row . The management of the investment firm $ 2 billion assets under management in Charlottesville, Virginia , Mr. Wechsler was into Berkshire in 12 . Have you ever invested $ 5 million more than the bid of luncheon participation rights with Buffetts previously he . Buffett said in a telephone interview , I said that the work of more than two people choose brand . He is called (T three ) 3T the Tracy Britt Mr. financial assistant managers and two . Mr Buffett said, have helped Berkshire in many ways not directly related and investment management is two . In addition , you have to be will be a huge asset ( for the Berkshire ) over the next few decades . Mr. Buffett , CEO of Berkshire is the (CEO) and chairman has given the investment funds of many people 2 . 2 people will be to operate the more than $ 7 billion each year, according to officials , the scale that was about $ 3 billion at the time of the early 12 . 2 people in the next few years , it will play a bigger role in helping to oversee the projects of its own , including acquisitions . It is not just the part when viewed from the U.S. portfolio of Berkshire in excess of $ 100 billion to $ 14 billion investment in two , but it assets under management that is left is growing rapidly , trust Buffetts for that investment capability to indicate that it is increasing the . Job performance of the two in terms of investment than is important . Equity investment is only part of the business of Berkshire is a conglomerate . The company is involved in insurance , manufacturing , retail , railway companies of the United States leading owns . This two people to invest the position of $ 1 billion less than the majority , it is small compared to the position of several billion U.S. dollars Big 4 ( Coca -Cola , American Express , Wells Fargo , IBM) of the Berkshire . Total month period from July to September last year ( third quarter ) and the end point is about $ 58 billion , these stocks that Buffetts chose some years ago , accounted for more than half of the portfolio of Berkshire . Holding the status of the end of the fourth quarter of last year are reported to the authorities in February . I have outperformed the S & P500 Many of the stocks Combs, Mr. Wechsler chose . Until it was a strong year in most 16 for the U.S. stock last year . That either of the two people were a little investment , Mr. Buffett has said large ones is a thing that you have invested small position the companys portfolio of 43 stocks. For example , rose 34 percent last year, a satellite television company DirecTV TV is a favorite brand with two people . About 36.5 million shares , the company owns nearly 7 percent of the total end of the third quarter point, the value was $ 2.2 billion . Also MasterCard and Visa credit card that can be seen to have entered a brand two people chose , rose 64% respectively last year , 43 percent . Bill Sumido , who runs the Sumido Capital Management said, that you select the brand in a way Warren as was , to operate a stock portfolio intensive has been observed that two people he said. Sumido Capital owns 197,005 shares of Class B shares of Berkshire . Sumido Mr. pointed out that similar Davita Healthcare Partners DirecTV and TV, of kidney dialysis services that two people are investing say of Mr. Buffett to toll bridge . Its that business of the customer does not have to pay money to get the products and services essential . Berkshire , market capitalization close to $ 300 billion , the net assets are being strengthened ties with business operations than the stock portfolio . Therefore , it is possible to extend greatly the net assets per share of Class A shares , which is a reference to Mr. Buffett prefers has become difficult . Since 09 , S & P500 has recorded a growth rate of 2 digits each year , except for the 11 , the total return of five years exceeded 128% . Net assets per share obtained by subtracting the liabilities from the assets of Berkshire , on the other hand increased by about 80% between the third quarter of last year from the end of 2008 . At the shareholders annual letter addressed to the last , Mr. Buffett says S & P500 is we continue to perform well , the goal of the five-year base would not be achieved .
Posted on: Mon, 20 Jan 2014 05:06:39 +0000
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