Warren Buffett’s $570 million bet on Snowflake shows he completely trusts his deputies, investor Jake Taylor says
- Berkshire Hathaway’s $570 million bet on Snowflake shows CEO Warren Buffett completely trusts his two portfolio managers, Todd Combs and Ted Weschler, one fund manager says.
- “Buffett has given full agency to his lieutenants,” Jake Taylor, CEO of Farnam Street Investments and cohost of the “Value: After Hours” podcast, told Business Insider.
- “A high-profile tech IPO is a resounding confirmation that his actions match his words,” he added.
- Taylor’s comments echo those of Paul Lountzis, who said the Snowflake investment proves Buffett “totally trusts Todd and Ted” in an interview this week.
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Berkshire Hathaway’s plan to invest about $570 million in Snowflake’s IPO shows that CEO Warren Buffett has complete faith in his deputies, Farnam Street Investments CEO and “Value: After Hours” cohost Jake Taylor told Business Insider this week.
“Buffett has given full agency to his lieutenants,” Taylor said, referring