Berkshire's New Blood Proves Itself

A shift is coming in the value investing world that we all know and love. Michael Lewis writes: As one of the true disciples of the "Dean of Wall Street," Benjamin Graham, Warren Buffett is synonymous with the value investing. But as his retirement gets closer and closer, value worshipers are looking closely to see if the new money managers in residence at Berkshire can live up to their predecessor. It's too soon to say, as two of the eventual three have only recently begun putting the company's capital to work, but a few of the picks they've made are looking great and could bode well for the future of the world's highest-priced stock..... Todd Combs and Ted Weschler, two former hedge fund managers, are the first and second Buffett-appointed investment officers set to take over once the man himself leaves the office. Talk about high expectations -- these two men have to live up to what many people consider to be the greatest investor of all time…….It's a waste of time to try and compare the two men to Buffett and just look at what they bought, when they bought it, and why. The good news is: Things look like they've started off on the right foot…........................................................................................... Read about the rest at http://www.dailyfinance.com/2012/10/12/berkshires-new-blood-proves-itself/