Buffett’s Stock Pickers Are Killing It

Things are looking good for Warren Buffett and his stock pickers. He plucked them from obscurity, but they are now managing billions of dollars worth of Berkshire Hathaway’s money.

Todd Combs and Ted Weschler control more than $14 billion worth of Berkshire Hathaway’s money, and in the future they could eventually manage much more as part of the succession plan put forth by Warren Buffett. A Fortune magazine analysis tells us that Weschler and Combs have accomplished the difficult mandate to beat the S&P 500. This is the benchmark that their pay is directly tied to over a three year time period.

Over the last four years, Combs has generated a return of more than 116%. This is over twice as much as the 55% gain that the S&P 500 index has seen during the same period. We learn this according to estimates from Fortune.

In the last year, Combs has increased his portfolio by 51%. And in the three year timeframe for Weschler, his portfolio has risen by 81% and is well ahead of the market this year.

Weschler and Combs chose not to comment to Fortune. Buffett mentioned to the magazine that Weschler’s performance has far exceeded his estimates.

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