How to Invest in Warren Buffett's Successor

Tue, 10/26/2010 - 21:42

  Matthew Schifrin of Forbes.com says that Todd Combs reminds him of the story recounted in The Snowball about Buffett visiting Lorimer Davidson at GEICO to learn about insurance. He has this to say about Buffett's choice of investment manager: "[T]he most important thing that investors can learn from this Buffett announcement may very well be that insurance stocks are a damn good place to park your cash.  Assuming Mr. Combs doesn’t veer too far from what he does best, then you should read Warren’s choice of  successor as a big bet on insurance, asset management and other financial sector stocks."

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