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Buffett’s stock-picking lieutenant has a proven track record, but his hands are tied at Berkshire

Ted Weschler, Berkshire Hathaway
Source: Berkshire Hathaway

Ted Weschler, one of Warren Buffett's two investment lieutenants, grew his retirement account from $70,000 to more than $260 million in less than 30 years.

The astronomical returns were achieved by investing in stocks of under-the-radar small-cap firms and other underappreciated opportunities. However, when it comes to managing money for Berkshire Hathaway, Weschler is limited as to what he can achieve even with his stellar stock-picking skills.

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