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Front page of the WSJ, Oct. 26th 2010, talks about how Mr. Warren Buffett (Smartest Man on Earth) has decided to pick a successor to help run a portion of $100 Billion Birkshire Hathaway. The lottery winner's name is Mr. Todd Combs, 39, "manager of a small hedge fund from Connecticut," whose fund has $400 million "in assets and primarily invested in the shares of financial-services companies" (WSJ). The article goes on to say that Mr. Buffett does not plan for Mr. Combs to take over the entire company as long as he is around because it looks like that job is going to be saved for Mr. David Sokol, 53. Right now Mr. Sokol is the chairman of Bershire MidAmerica EnergyHoldings AND the CEO of NetJets (Forget Mr. Combs I want this guy's job). Going back to the point of why Mr. Buffett picked Mr. Combs to run a portion of his mega company is something I do not know what to think about. NEED HELP, so please feel free to post comments below.
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