Warren Buffett Successor Todd Combs

Warren Buffet Successor Todd Combs for Berkshire Hathaway
Finally Warren Buffett find a successor for his great investment company Berkshire Hathaway. Let me tell you that Warren Buffet alone manages his own US $ 55 Billion Equity portfolio and 80 year of Buffett was in search of a successful successor of his company.
And he finally found Todd combs, 39 years old the former hedge fund manager. Buffett thinks that Todd is the right person to manage his $ 55 Billion portfolio after him.
According to SmartMoney,

WARREN BUFFETT DID HIS BEST LAST WEEK to talk up Todd Combs, the obscure equity manager who is now the lead candidate to succeed the 80-year-old as investment chief at Berkshire Hathaway. But to get the job, Combs will have to show Buffett he deserves it.
The 39-year-old Combs has run a small Greenwich, Conn., hedge fund, Castle Point Capital, with $400 million of assets invested almost entirely in financial stocks. He reportedly has a good record, with his fund up 35% since 2005. Buffett called the diligent, low-key Combs a "100% fit for our culture."
Combs initially will run a small part of the Berkshire portfolio, with Buffett continuing to oversee all investments. This will let him assess Combs. Buffett has said his job will be split in two when he leaves Berkshire, with one person heading investments and the other acting as CEO. The likely CEO-in-waiting is 54-year-old David Sokol, now chairman of the company's large utility operations, whose profitable growth he orchestrated

This is really a great news.