Money Morning – Warren Buffett’s announcement Monday that a little-known hedge fund manager, Todd Combs, will help oversee his $100 billion investment portfolio at Berkshire Hathaway Inc. surprised investors and highlighted Buffett’s emphasis on risk management for investment success.
Adding 39-year-old Combs to the Berkshire team makes him a top contender to take over Buffett’s investment management duties whenever the Oracle of Omaha leaves his company.
