- Portfolios managed by Berkshire Hathaway (BRK.A) investment managers Todd Combs and Ted Weschler did better last year than Warren Buffett's and the S&P 500, the WSJ reports.
- That's the second consecutive year that both men, who were hired as part of Berkshire's succession plan, have beaten Buffett and the index.
- Combs and Weschler have begun 2014 with over $7B each to manage, up from $3B at the start of 2012.
- However, in 2013, Berkshire Hathaway fell short, for the first time, of Buffett's target of increasing the company's net worth more quickly than gains on the S&P over five years. Still, Berkshire's stock price jumped 30% in 2013.
WSJ: Berkshire "apprentices" outdo the master
Jan 19 2014, 02:48 ET