VOO - 'In A Perfect World Nobody Would Know About This': How Warren Buffett's Fund Manager Turned $70K Into $264M | Benzinga
Legendary investor Warren Buffett is widely considered one of the greatest, if not the greatest investor of all time. It turns out Berkshire's investing approach can be learned and repeated, evidenced by the mind-blowing returns one of his portfolio managers has generated.
According to a Business Insider report, citing a Washington Post interview from late 2021, Ted Weschler, an investment manager at Berkshire Hathaway Inc (NYSE: BRK-A) (NYSE: BRK-B), grew his retirement account from $70,000 to $264 million in less than 30 years with a simple approach.
What To Know: The massive fortune was first uncovered in June 2021 when ProPublica got ahold of Weschler's tax returns. The Berkshire Hathaway portfolio manager then shared some details about how he managed to amass the wealth with reporter Allan Sloan.
"In a perfect world, nobody would know about this account," Weschler reportedly told Sloan in an email.
"But now that the number is out there, I’m hopeful that some good can come of it by serving as a motivation for new workforce entrants ...