Warren Buffet chooses successor


Warren Buffet continued his trend of picking little-known successors on Monday by naming Ted Weschler to help manage the investments of Berkshire Hathaway Inc. Weschler, like Todd Combs chosen to work with him, has kept a low profile in his past experience. Experts agree that the decision could be a profitable one, with Combs and Weschler each bringing something different to the table. Combs has more experience with financial stocks, while Weschler favors communications-related options.

Buffet, 81, has eventual plans to retire, but not before securing the investment team that will replace him. It is possible he could bring a third manager to the team.


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