Buffett's Successor Resigns, JPMorgan Gains
Update: 2025-12-12
Description
Todd Combs, Warren Buffetts handpicked successor for managing Berkshire Hathaways investments, has resigned to join JPMorgan, leaving the company in a significant leadership shake-up. Combs, who was widely expected to take over Buffetts vast investment portfolio, had been praised by Buffett for his intelligence, integrity, and cultural fit. However, Buffetts tone in announcing Combss departure was more formal, focusing on his contributions to Geico rather than his investment prowess. Combss increasing responsibilities outside of portfolio management and his role in the Haven healthcare venture may have indicated a diminished role in managing Berkshires core investments.
The Daily News Now! — Every city. Every story. AI-powered.
Hosted on Acast. See acast.com/privacy for more information.
Comments
In Channel
Download from Google Play
Download from App Store
United States00:00
00:00
1.0x
