Harness Money

Todd Combs is an American investor and one of the key fund managers at Berkshire Hathaway – BRK.A and BRK.B, the multinational conglomerate headed by Warren Buffett.

Here’s an overview of his background and career:

Early Life and Education:

Todd Combs was born on January 27, 1971, in Arizona, USA. He attended Florida State University, where he earned a Bachelor of Science degree in Finance and Business Administration. Later, he obtained his Master of Business Administration (MBA) from Columbia Business School in 2002.

Early Career:

Before joining Berkshire Hathaway, Combs worked in the finance industry. He served as an analyst and then portfolio manager at Florida’s state pension fund, the Florida State Board of Administration, managing a portion of the fund’s equity investments. His success in managing the pension fund’s investments caught the attention of Warren Buffett.

Berkshire Hathaway:

In 2010, Warren Buffett hired Todd Combs as an investment manager at Berkshire Hathaway. Combs was one of the key figures identified to potentially succeed Buffett in managing Berkshire’s vast investment portfolio. He was the first investment manager hired by Berkshire Hathaway to manage investments other than Warren Buffett and Charlie Munger, the vice chairman of Berkshire Hathaway.

Combs’ role at Berkshire Hathaway involves managing a portion of the company’s investment portfolio, a responsibility he shares with Ted Weschler, another investment manager at Berkshire. Combs is known for his analytical approach to stock selection and his focus on fundamental analysis.

Board Memberships and Affiliations:

Todd Combs serves on the board of directors for JPMorgan Chase & Co., one of the largest and most prominent banks in the United States. He joined the board in 2016.

Philanthropy:

Combs and his wife established the Todd J. and Katie L. Combs Foundation, a charitable foundation aimed at supporting education and other charitable causes.

Todd is looked at as being a successor to Warren Buffett when the time comes. Along with Ted Weschler. This may or may not happen as Buffett has never said publicly what he plans to do when the time comes for him to step down.