Subject: Re: Investment portfolio
The recent management changes made no mention of Ted Weschler. Tod Combs’s replacement as Geico CEO was announced but not who would manage his investment portfolio.

Buffett, responding to a question at the AGM had said capital allocation would be Abel’s responsibility. I for one don’t think Abel should personally handle all of Buffett’s investment portfolio. He has much more important responsibilities of overseeing all the wholly owned subsidiaries. Reading millions of pages of company reports like Buffett did would not be the best use of his time.

Giving Weschler a bigger portfolio to manage and bringing in additional investment managers would make more sense. Abel could get involved in investment above a certain size/complexity or acquisitions of companies.