He did a nice rescue fix it job at GEICO but his investment results were apparently mediocre-at-best over the long term.

Though both T&T reportedly have modestly underperformed the S&P during their tenure, it's quite possible that their work has been quite good.

How so? I suspect they came up with quite good returns while taking very much less risk than jumping on board the Mag7, with their sometimes substantial unpredictability and substantial assumption of future growth baked in. Getting around the same number without that kind of risk is actually quite a big deal, and the advantage from that would not show up until a big bear market passes by. As the saying goes, you don't know who's swimming naked till the tide goes out.

A geeky thing to wonder about: I wonder if his portfolio will get blown out the way Mr Simpson's was. If so, we'd find out which picks were his and which were Ted's.

Jim

Berkshire Hathaway FAQ

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