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Sizing Up Berkshire's New CIO Heir Apparent

Morningstar's Paul Larson outlines what we know about the new frontrunner to succeed Buffett as head of investments.

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Jason Stipp: I'm Jason Stipp for Morningstar. Succession has always been a big issue among those who follow Warren Buffett and Berkshire Hathaway, and these folks got some intriguing news on Monday when Berkshire announced that it hired Todd Combs, a little known hedge fund manager, to be the investments manager at Berkshire.

Here with me to offer his take on the news is Morningstar's Paul Larson. He is an equity strategist and also the editor of Morningstar StockInvestor.

Jason Stipp does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.