Yahoo Finance·2025-12-08 13:21Core Insights - Todd Combs, a key investment manager at Berkshire Hathaway, is leaving to join JP Morgan, where he will lead the $10 billion Strategic Investment Group and serve as a special advisor to CEO Jamie Dimon [1][3][5] Group 1: Todd Combs' Background and Role - Combs has been with Berkshire Hathaway since late 2010 and has served as CEO of Geico since 2020, gaining recognition as a protégé of Warren Buffett [2][4] - His departure comes shortly before Buffett's retirement, which he announced in May, recommending Greg Abel as his successor [4] Group 2: JP Morgan's Perspective - Jamie Dimon praised Combs as one of the greatest investors and leaders, highlighting his successful investment management alongside Warren Buffett [5] - Dimon emphasized Combs' understanding of JP Morgan's operations due to his nine years on the board [5][6] Group 3: Warren Buffett's Legacy - Warren Buffett has led Berkshire Hathaway since 1965, achieving compounded annual gains of 19.8% from 1965 to 2023, significantly outperforming the S&P 500 [7]