Spier Says Buffett Treads `Fine Balance' on Succession

Oct. 26 (Bloomberg) -- Guy Spier, chief executive officer of Aquamarine Capital LLC, talks about succession planning at Berkshire Hathaway Inc. and hedge fund manager Todd Combs, who has named by Warren Buffett to run a "significant portion" of Berkshire's investment portfolio. Todd Combs, who manages about $400 million in financial-services shares at Castle Point Capital in Greenwich, Connecticut, becomes an investment manager, Berkshire said. Spier speaks with Betty Liu on Bloomberg Television's "In the Loop."

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