© 2024
NPR News, Colorado Stories
Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations
Looking to enter the cycling tour contest for Fall Drive? Contest ends at 7 p.m. on Wednesday, Oct. 9. Click here for details.

Investor Turns Lunch Into A Job With Warren Buffett

DAVID GREENE, Host:

Our last word in business today is career investment. Every year, billionaire Warren Buffet auctions himself off as a lunch date to raise money for a San Francisco charity. The winners are normally kept secret. Fortune magazine, though, has revealed the name of the man who has won the last two lunches. Ted Weschler paid a total of about $5 million for those meals with Buffet. Weschler is, himself, an investor. For the last 12 years, he's run a successful hedge fund - and turns out those pricey lunches weren't just a chance for Weschler to learn about the Oracle of Omaha. It turns out Buffett learned about Weschler's investing abilities and he liked what he saw, so Buffet hired him. Yesterday, Buffett announced he's tapped Weschler as a top manager for his Berkshire Hathaway portfolio.

(SOUNDBITE OF MUSIC)

GREENE: And that is the business news from MORNING EDITION on NPR News. I'm David Greene.

STEVE INSKEEP, Host:

And I'm Steve Inskeep. Transcript provided by NPR, Copyright NPR.