Can Warren Buffett's Successors Maintain Berkshire Hathaway's Momentum?
Can Warren Buffett's Successors Maintain Berkshire Hathaway's Momentum?
Warren Buffett's potential successors, Todd Combs and Ted Weschler, are trailing the S&P 500 index, raising concerns about the future of Berkshire Hathaway Inc (NYSE:BRK) (NYSE:BRK).
禾倫·巴菲特的潛在繼任者託德·科姆斯和泰德·韋施勒落後於標準普爾500指數，這引發了人們對伯克希爾·哈撒韋公司（紐約證券交易所代碼：BRK）（紐約證券交易所代碼：BRK）未來的擔憂。
What Happened: The two potential successors are set to inherit the $354 billion stock portfolio of Berkshire Hathaway, reported Financial Times.
發生了什麼：據《金融時報》報道，兩位潛在的繼任者將繼承伯克希爾·哈撒韋公司3540億美元的股票投資組合。
The duo's performance has been under scrutiny, especially since the passing of Vice-Chair Charlie Munger in November.
兩人的表現一直受到審查，尤其是自副主席查理·芒格於11月去世以來。
At Berkshire's annual meeting on Saturday, the company's future without Buffett, who is 93, will be a major topic of discussion. The potential successors, Combs and Weschler, have been underperforming both Buffett and the S&P 500 index, as per the FT's analysis.
在週六的伯克希爾年會上，沒有現年93歲的巴菲特的公司未來將成爲討論的主要話題。英國《金融時報》的分析顯示，潛在的繼任者Combs和Weschler的表現一直不及巴菲特和標準普爾500指數。
The duo's investment strategy, which focuses on finding good businesses with strong management teams trading at attractive prices, mirrors Buffett's approach. However, their performance has been lagging behind, raising questions about the future of the company.
兩人的投資策略側重於尋找擁有強大管理團隊並以誘人的價格進行交易的好企業，這反映了巴菲特的方針。但是，他們的業績一直落後，這引發了人們對公司未來的質疑。
"They don't have to check with me before they buy or sell anything," Buffett said in 2017. "Sometimes they will have talked to me about something they are doing. Other times I will just look at the monthly recap I get and then see what they've bought or sold."
巴菲特在2017年說：“他們在買入或賣出任何東西之前不必向我查詢。”“有時候他們會和我談論他們正在做的事情。其他時候我只會看看我得到的每月回顧，然後看看他們買了什麼或賣了什麼。”
"Buffett has built an extraordinary track record of investing and he has laid down through his communications clear principles and guidelines that have guided generations of investors," said Christopher Rossbach, who invests on behalf of J Stern & Co. "It is a huge responsibility of how that will be taken forward and it is very important for investors to understand."
代表J Stern & Co.投資的克里斯托弗·羅斯巴赫說：“巴菲特建立了非凡的投資記錄，他通過溝通制定了明確的原則和指導方針，指導了幾代投資者。”“如何推進這項工作是一項艱鉅的責任，對於投資者來說，理解這一點非常重要。”
Investments in companies like Mastercard, Visa, and DaVita helped the two managers outperform the S&P 500 in 2012 and 2013. However, their portfolios have mostly trailed behind both the S&P 500 and Buffett's performance since then.
對萬事達卡、維薩和達維塔等公司的投資幫助兩位經理在2012年和2013年跑贏了標準普爾500指數。但是，自那時以來，他們的投資組合主要落後於標準普爾500指數和巴菲特的表現。
This was acknowledged by Buffett himself in 2019, noting that Combs and Weschler were slightly behind the index.
巴菲特本人在2019年承認了這一點，並指出科姆斯和韋施勒略微落後於該指數。
"I've never felt that it's in the interest of Berkshire shareholders to talk about anything that we do that is successful and that we want to continue to do. Both Todd and Ted have been invaluable to Berkshire, and our shareholders have profited significantly from their activities," Buffett said according to the report.
“我從來沒有覺得談論我們所做的任何成功和想要繼續做的事情符合伯克希爾股東的利益。報告稱，託德和泰德對伯克希爾來說都是無價之寶，我們的股東從他們的活動中獲利豐厚。” 巴菲特說。
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譯文內容由第三人軟體翻譯。