Todd Anthony Combs
January 27, 1971
Sarasota, Florida, U.S.
|Alma mater|| Florida State University |
Columbia Business School
Todd Anthony Combs (born January 27, 1971) is a former hedge fund manager and current investment manager at Berkshire Hathaway, who has been the chief executive officer (CEO) of GEICO since January 2020.Alongside Ted Weschler, he is frequently cited as a potential successor of Warren Buffett as the chief investment officer of Berkshire. In 2016 he was appointed board member of JPMorgan Chase.
Todd Anthony Combs was born and raised in Sarasota, Florida attending Riverview High School.He is a 1993 graduate of Florida State University, with degrees in finance and multinational business operations. Combs later attended Columbia Business School in New York City, graduating in 2002.
After graduating college, Combs became a financial analyst for the State of Florida Banking, Securities and Finance Division. From 1996 to 2000 he was a pricing analyst at Progressive Insurance and from 2000 to 2002 he was an insurance analyst at Keefe, Bruyette & Woods. From 2003 until 2005, Combs worked at Copper Arch Capital, a hedge fund run by Scott M. Sipprelle.
In 2005, with $35 million in seed money from Stone Point Capital, Combs formed Castle Point Capital. He served as Chief Executive Officer and Director of the Greenwich, Connecticut, based hedge fund until 2010, during which time the returns were a cumulative 34%, according to an investor.In October 2010, the Wall Street Journal reported that Buffett had tapped Combs to eventually replace him as the chief investment officer of Berkshire Hathaway.
In September 2016 Combs joined the board of U.S. bank JPMorgan Chase, an appointment that expanded Berkshire's ties in the financial services industry to the top three banks in America.
On December 23, 2019 Combs was announced as the new CEO of GEICO, a subsidiary of Berkshire. He will continue in his duties as a portfolio manager for Berkshire.
Warren Edward Buffett is an American business magnate, investor, and philanthropist. He is currently the chairman and CEO of Berkshire Hathaway. He is one of the most successful investors in the world and has a net worth of over $125 billion as of April 2022, making him the world's fifth-wealthiest person.
Li Lu is a Chinese-born American value investor, businessman and philanthropist. He is the founder and chairman of Himalaya Capital Management. Prior to emigrating to America, he was one of the student leaders of the 1989 Tiananmen Square student protests. In 2021, he also co-founded The Asian American Foundation and serves as its chairman.
Berkshire Hathaway Inc. is an American multinational conglomerate holding company headquartered in Omaha, Nebraska, United States. The company wholly owns GEICO, Duracell, Dairy Queen, BNSF Railway, Lubrizol, Fruit of the Loom, Helzberg Diamonds, Long & Foster, FlightSafety International, Shaw Industries, Pampered Chef, Forest River, and NetJets, and also owns 38.6% of Pilot Flying J; and significant minority holdings in public companies Kraft Heinz Company (26.7%), American Express (18.8%), The Coca-Cola Company (9.32%), Bank of America (11.9%), and Apple (6.3%).
Benjamin Graham was a British-born American economist, professor and investor. He is widely known as the "father of value investing", and wrote two of the founding texts in neoclassical investing: Security Analysis (1934) with David Dodd, and The Intelligent Investor (1949). His investment philosophy stressed investor psychology, minimal debt, buy-and-hold investing, fundamental analysis, concentrated diversification, buying within the margin of safety, activist investing, and contrarian mindsets.
Value investing is an investment paradigm that involves buying securities that appear underpriced by some form of fundamental analysis. The various forms of value investing derive from the investment philosophy first taught by Benjamin Graham and David Dodd at Columbia Business School in 1928, and subsequently developed in their 1934 text Security Analysis.
David LeFevre Dodd was an American educator, financial analyst, author, economist, and investor. In his student years, Dodd was a protégé and colleague of Benjamin Graham at Columbia Business School.
Philip Arthur Fisher was an American stock investor best known as the author of Common Stocks and Uncommon Profits, a guide to investing that has remained in print since it was first published in 1958. Along with Thomas Rowe Price, Jr., Fisher is one of the early proponents of the growth investing strategy.
Susan Lynne Decker is an American businesswoman. She was president of Yahoo! Inc in 2007 and 2008, leading the operations of the company while Jerry Yang was chief executive officer. In 2017, Decker co-founded a social networking platform called Raftr.
Ruane, Cunniff & Goldfarb, based in New York City, is the investment firm founded in 1969 by William J. Ruane, Richard T. Cunniff and Robert Goldfarb.
Ajit Jain is an Indian American executive who is the Vice Chairman of Insurance Operations for Berkshire Hathaway as of January 10, 2018. He was raised in India's coastal state of Odisha. Ajit Jain is an older cousin of Anshu Jain, who was the former Co-CEO of Deutsche Bank.
John J. Byrne was an American longtime insurance industry executive who was CEO of GEICO, White Mountains Insurance Group and Fireman's Fund. He also served as chairman of Overstock.com.
Alice Schroeder is an American author and former insurance analyst. In the first week of October 2008, she published The Snowball: Warren Buffett and the Business of Life, a New York Times bestseller. As a project manager for the US Financial Accounting Standards Board (FASB), she managed SFAS No. 113. Since 2008, Schroeder has worked as a columnist for Bloomberg News.
David L. Sokol is an American business executive. He served as chairman, president and CEO of NetJets as well as chairman of MidAmerican Energy Holdings Company, of which Berkshire Hathaway holds a 100% and 89.8% stake respectively.
First Manhattan Co. (FMC) was founded in 1964 by a group of financial industry executives led by Sandy Gottesman. FMC remains an owner-operated investment advisory firm. Robert Gottesman, David Gottesman's son, is currently the firm's CEO.
Tracy Britt Cool is an American business executive and entrepreneur who was widely noted as a Warren Buffett protégé. She chaired four Berkshire Hathaway subsidiaries before co-founding Kanbrick, a private equity firm, in 2020.
Jeffrey Glynn Tarrant was an American investor. He was the founder and chairman of MOV37 and Protégé Partners, firms specializing in identifying, seeding and early stage investing in investment funds. He was also a founding partner of film production company Candescent Films. He died from brain cancer in 2019.
Ted Weschler is a former hedge fund manager and current investment manager at Berkshire Hathaway. Alongside Todd Combs, he is frequently cited as a potential future Chief Investment Officer of Berkshire.
Gregory Edward Abel is a Canadian businessman, chairman and CEO of Berkshire Hathaway Energy, and vice-chairman of non-insurance operations of Berkshire Hathaway since January 2018.
Haven was a not-for-profit, healthcare-focused entity created through a joint venture by American companies Amazon, Berkshire Hathaway and JPMorgan Chase. The entity's stated goals were to improve healthcare services and lower costs for the three companies' employees, while making primary care easier to access, making prescription drugs more affordable and rendering insurance benefits easier to understand. The company was headquartered in Boston, Massachusetts, with offices in New York City.
Kathryn M. "Katie" Thompson Farmer is an American railroad executive. In January 2021, she became the first woman chief executive of a Class I railroad succeeding Carl Ice at BNSF Railway.