Warren Buffett isn't just a super ant. He doesn't

2024. 11. 5. 10:31U.S. Economic Stock Market Outlook

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Warren Buffett isn't just a super ant. He doesn't work by himself by turning on HTS, looking at charts, searching for news, and clicking, "I need to get cash."

Berkshire Hathaway is a conglomerate's holding company with several subsidiaries and grandchildren across various industries. Its board is made up of masters who have engaged in business and investment for decades, all of whom have intellectual capacity on par with Buffett's.

Berkshire's recent decision to hold cash is based on the comprehensive judgment of these investment geniuses.

Let me introduce you to the geniuses who make up Berkshire's board.

Ajit Jain - The Genius of Insurance

Ajit Jain is considered a legendary figure in the insurance industry. He managed Berkshire Hathaway's insurance division and recorded outstanding performances in reinsurance and commercial insurance. Since joining Berkshire in 1986, Jain has significantly grown his insurance business and is regarded by Buffett as a "non-fungible talent." He has brought huge returns to Berkshire thanks to his skillful handling of complex insurance contracts and his ability to accurately assess risks. Jain's management philosophy and monetization ability play an important role in Berkshire's continued growth.

Greg Abel - a pioneer of energy

Greg Abel is the CEO of Berkshire Hathaway Energy, where he oversees the uninsured sector. Abel, who is from Canada, first went on to pursue a career in Berkshire's energy sector, and successfully ran various energy assets to expand Berkshire's energy portfolio. He is leading the innovation of the energy industry, valuing his interest in sustainable energy and investing in it from a long-term perspective. As one of Berkshire's current nominees for the next CEO, his approach to management as a whole is trusted by Buffett and Munger.

Todd Combs - Expert in Portfolio Management

Todd Combs joined Berkshire Hathaway in 2010 and now manages a portion of Berkshire's stock portfolio. Originally an outstanding investment as a termination fund manager, Combs is primarily responsible for investing in the finance and consumer goods industries in Berkshire and has particularly strong strengths in banking-related stocks. Combs is known for his cautious and conservative investment tendencies, following Buffett and Munger's philosophy while pursuing long-term returns through independent investment methods.

Ted Weschler - Master of Long-Term Value Investment

Ted Wessler joined Berkshire in 2011 and manages Berkshire's investment portfolio with Combs. With outstanding performance as a termination fund operator, he pursues stable and sustainable investments that fit Berkshire's long-term value investing strategy. Wessler prefers investing in consumer-oriented companies and makes investment decisions by carefully evaluating the intrinsic value of individual companies. His thorough analysis and strategic judgment left a big impression on Buffett.

Image: Todd Combs, the youngest of Buffett's successors

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