<i>WSJ</i>: Berkshire "apprentices" outdo the master

|About: Berkshire Hathaway Inc (BRK.A)|By:, SA News Editor

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.