I Am Home podcast REPLAY|| Ted Weschler on Berkshire, Buffet & Big Investments
May 4, 2024
Ted Weschler, a top investment manager at Berkshire Hathaway, discusses meeting Warren Buffet, making investment decisions, and balancing work with family life. The podcast delves into career-shifting encounters, navigating hybrid investments, and exploring macro forces affecting investments. It also highlights perspectives on home sentiments and the constant evolution of investing and technology.
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Lunch That Led To A Job Offer
- Ted Weschler won a charity lunch with Warren Buffett and their conversation led to a job offer that changed his career path.
- He negotiated to keep Charlottesville as home while commuting to Omaha two days a week and accepted after finishing prior commitments.
Thrown Into The Deep End With Peter Grace
- As a junior financial analyst Ted was suddenly asked to brief CEO Peter Grace on a major acquisition and handled an hour-and-a-half meeting.
- That performance led to becoming Grace's traveling aide and accelerated his early career exposure to senior decision-making.
Use A High-Barrier 'Punch Card' Approach
- Keep a high bar and limit the number of investments to force selectivity and better outcomes.
- Weschler used a 20-punch mentality and made only 20 investments in six years, yielding strong results.