I Am Home podcast REPLAY|| Ted Weschler on Berkshire, Buffet and big investments
May 2, 2025
Ted Weschler, one of Berkshire Hathaway's top investment managers, shares his journey from winning a lunch with Warren Buffett to joining the investment giant. He discusses the exhilarating atmosphere during Berkshire's annual meeting and reveals insights on his early career and the pivotal shift from private equity to hedge funds. Weschler gets candid about his biggest investment regret and emphasizes the importance of diverse reading. He also touches on macroeconomic factors shaping today's market and shares his excitement for the future of innovation.
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Annual Meeting Feels Like A Big Wedding
- Weschler describes the Berkshire shareholders meeting as energizing and likens it to a big wedding of connected people.
- He notes Warren Buffett both adds energy and draws energy from the event, making it contagious for staff.
Charity Lunch Turned Career Pivot
- Ted Weschler won two charity lunches with Warren Buffett and both meetings deeply influenced his career path.
- After the second dinner Buffett invited him to work at Berkshire, and Weschler accepted within weeks, closing his hedge fund.
Young Analyst Briefed The CEO
- Early at W.R. Grace, Weschler was unexpectedly asked to brief CEO Peter Grace on a major acquisition at age 23.
- The tense meeting led to Weschler becoming Grace's traveling aide and accelerated his career opportunities.
