Louis A. Simpson could hardly have done better in terms of endorsements: He was one of Warren Buffett’s favorite fund managers.

When Mr. Simpson was in charge of investments at insurer Geico, owned by Berkshire Hathaway Inc., Mr. Buffett let him do his own thing, without supervision from Omaha. The two were so compatible that, under a 2000 emergency succession plan, Mr. Simpson would have become investment director of Berkshire Hathaway if Mr. Buffett had died while holding the reins.

This post first appeared on wsj.com

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

TikTok star Remi Bader says a ranch wouldn’t allow her to ride their horses due to her weight

Remi Bader, a TikTok star known for her realistic clothing haul videos,…

ECB Must Narrow Rate Gap With Fed, OECD Says

Economy Despite higher interest rates, the OECD sees the global economy avoiding…

Idaho governor signs bill banning transition care for minors

Idaho has joined a dozen states across the country in banning or…

Riders watched as a woman was raped on a SEPTA train but no one called 911, police say.

A 35-year-old man in Pennsylvania is facing rape and assault charges after…