But who is Ted Weschler? He founded his own investment firm Peninsula Capital Advisors in 2000. Not many people are recognizing him, which is strange since the investment firm has returned 1,236 percent since 2000. The investment style is similar to the one Warren Buffett is using and consists of:
- Long-term investments in publicly-traded companies possessing both strong prospects and outstanding management teams
- A concentrated portfolio of between 9 and 17 stocks
Apparently, one of the reasons Ted Weschler got the job as one of the possible successor of Warren Buffet, was that Ted Weschler payed $5.2 million to dine with Warren Buffet in 2010 and 2011 as part of a charity event.