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  • 6/9/2014 A stock pick from Warren Buffett's stock picker

    http://www.cnbc.com/id/101461156 1/5

    GOEnter Symbols GOEnter Keywords

    A stock pick from Warren Buffett'sstock pickerAlex Crippen | @alexcrippenMonday, 3 Mar 2014 | 2:37 PM ET

    COMMENT Join the Discussion

    Warren Buffett isn't the only person at Berkshire Hathaway making

    decisions on stocks to buy and sell. In the last few years, he's brought on two

    portfolio managers, Todd Combs and Ted Weschler.

    Along with Tracy Britt Cool, his financial assistant, they are what he calls his

    "three Ts." They generally keep a very low profile.

    But Monday, for the first time ever, they joined their boss for a live

    appearance on CNBC's "Squawk Box."

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  • 6/9/2014 A stock pick from Warren Buffett's stock picker

    http://www.cnbc.com/id/101461156 2/5

    (Read more: Warren Buffett: Ukraine won't stop my stock buying)

    Weschler, hired in late 2011 after paying a total of $5.3 million in charity

    auctions for two meals with Buffett, has been accumulating shares of dialysis

    company DeVita HealthCare Partners since he came aboard.

    In its most recent SEC filing on the stock, Berkshire said it owned 37.6

    million shares, about 17.7 percent of DeVita's shares outstanding. That stake

    has a market value of $2.58 billion at its current market price.

    Lacy O'Toole | CNBC

    Team Buffett: Todd Combs (L), Ted Weschler (C) and Tracy Britt Cool (R).

    During the live interview, Weschler explained why he likes the stock:

    "The broad filters that I apply for health-care investing in general is,

    No. 1: Does the health-care company deliver better quality of care

    than someone could get somewhere else? And DeVita falls into that.

    "No. 2: Does it deliver a net savings to the health-care system? In

    other words, is the total bill for U.S. health-care cheaper because of

    the efficiency the company provides? DeVita checks that box.

    "And lastly: do you get a higher return on capital, predictable growth

    and shareholder-friendly management? Absolutely ...

    "You've got health care is 17, 18 percent of GDP...

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    CNBC's Becky Quick provides details from her interview with Warren Buffett on theU.S. economy, and advice from Berkshire Hathaway's investment managers ToddCombs and Ted Weschler.

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  • 6/9/2014 A stock pick from Warren Buffett's stock picker

    http://www.cnbc.com/id/101461156 3/5

    Warren Buffett Watch Squawk Box U.S. Stocks Warren Buffett

    Berkshire Hathaway Inc DaVita HealthCare Partners Inc

    "I'm not sure what the stock will do over the next year or the next two

    years. But very comfortable that five years from now it will be a more

    valuable franchise."

    Name Price Change %Change Volume

    DVA DaVita HealthCare Partners Inc 71.93

    0.02 0.03% 536050

    By CNBC's Alex Crippen. Follow him on Twitter: @alexcrippen

    Alex CrippenSenior Coordinating Producer

    RELATED TOPICS

    Price Change %Change

    BRK.A 191917.00

    -978.00 -0.51%

    DVA 71.93 0.02 0.03%

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