FSU Business grad may succeed Warren Buffett at Berkshire Hathaway

[parent2noles]

<p>Good news for a [Florida</a> State University College of Business](<a href=“http://www.cob.fsu.edu/]Florida”>http://www.cob.fsu.edu/) graduate!

FORTUNE – Today, a large Berkshire Hathaway mystery lifted when a Greenwich, Conn., hedge fund, Castle Point Capital Management, quietly advised its investors that the fund’s managing partner, Todd Anthony Combs, would leave to join Berkshire at the end of the year.</p>

<p>Behind that simple fact is a big story: Combs, a mere 39, will with this move become the leading contender to eventually succeed Warren Buffett as manager of Berkshire’s billions in investments.

and

Buffett described Combs as an “all-American type” who is not the least bit interested in publicity, an attitude unlikely to shield him from it. Now a resident of Darien, Conn., Combs is by birth a Floridian who graduated in 1993 from Florida State University with majors in finance and multinational business operations.

See: [Meet</a> the leading contender for managing Berkshire’s billions - Oct. 25, 2010](<a href=“http://money.cnn.com/2010/10/25/news/todd_combs_berkshire.fortune/index.htm]Meet”>http://money.cnn.com/2010/10/25/news/todd_combs_berkshire.fortune/index.htm)</p>

[TechMBA]

<p>Awesome news! Great publicity for FSU.</p>

[CaneMomNoleBaby]

<p>That’s impressive, GREAT news!!</p>

[parent2noles]

<p>More articles on the subject, wherein FSU is named:</p>

<p>USAToday: [Buffett’s</a> Berkshire hires investment manager Combs - USATODAY.com](<a href=“http://www.usatoday.com/money/companies/management/2010-10-26-buffett-combs_N.htm]Buffett’s”>http://www.usatoday.com/money/companies/management/2010-10-26-buffett-combs_N.htm)</p>

<p>Bloomberg: [Buffett</a> Names Castle Point’s Combs to Investment Post - Bloomberg](<a href=“Bloomberg - Are you a robot?”>Bloomberg - Are you a robot?)</p>

<p>CNBC: [News</a> Headlines](<a href=“http://www.cnbc.com/id/39837662]News”>Berkshire's Hiring of Hedge Fund Manager Creates Instant Leading Contender for Warren Buffett's Investment Role)</p>

<p>Yahoo News: <a href=“http://news.yahoo.com/s/atlantic/20101026/cm_atlantic/meetwarrenbuffetts39yearoldheirapparent5535[/url]”>http://news.yahoo.com/s/atlantic/20101026/cm_atlantic/meetwarrenbuffetts39yearoldheirapparent5535&lt;/a&gt;&lt;/p&gt;

[LightSpeed1]

<p>Wow. As a business major, I cant explain how great this is.</p>

[parent2noles]

<p>Combs is likely to enter FSU’s billionaire class.</p>

[parent2noles]

<p>An article from The Wall Street Journal:</p>

<p>[Buffett:</a> Combs Is ‘a 100% Fit’](<a href=“http://online.wsj.com/article/SB10001424052702303341904575576373008860754.html?mod=WSJ_hp_LEFTWhatsNewsCollection]Buffett:”>http://online.wsj.com/article/SB10001424052702303341904575576373008860754.html?mod=WSJ_hp_LEFTWhatsNewsCollection)</p>

<p>An excerpt:

Mr. Combs, a Sarasota, Fla., native who is still partial to his alma mater Florida State Seminoles football team, struck a lasting impression, Mr. Buffett says. He and Mr. Munger arrived at the decision based on the same kind of “gut check” they make with acquisitions of companies.</p>

<p>“He is a 100% fit for our culture,” Mr. Buffett says. “I can define the culture while I am here, but we want a culture that is so embedded that it doesn’t get tested when the founder of it isn’t around. Todd is perfect in that respect.”

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