Analysis of his past results showed that a combination of leverage from float and primarily investing in cheap, safe stocks were the reasons for his success.
Texirish, I was aware of the analysis you're writing about, but I hadn't put these thoughts together with Ted & Todd's performance until your post. Essentially, the float leverage belongs to Berkshire. And since T&T are provided cash to invest, they don't have the luxury of including the float leverage into their own comparisons to the S&P.


a) on both their ongoing performance in future and;

As an American, I used to think the phrase "in future" was just a wrong way to say "in the future" so I looked it up, and it means "from now on" in British English. I can get behind that meaning, it's useful. But in this scenario, it suggests Greg is to comment on T&T's performance starting now, rather than at a future date. My preference would be to say "in the future" as I believe that the two roles you included for Greg will both start at a future point in time when Buffett is no longer heading Berkshire Hathaway.

Berkshire Hathaway FAQ

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